NET - 16.90% Potential Profit - Uptrend Corridor Bounce

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Support bounce in an Uptrend Corridor.

It might be a short-term trade (potentially intraday), depending on price action.

- 5-month uptrend
- RSI and STOCH well above 50 on the 5min
- MACD well above Signal on the 5min

Suggested Entry $39.14
Suggested Stop Loss $37.48
Target price $46.58

Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.

EDIT: Changed Entry / Stop Losses

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ملاحظة

*Re-Testing VWAP

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أغلقت الصفقة: تم الوصول للهدف

2.89% profit

Lack of price action and disappointing volume.

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ملاحظة

Might re-enter at the below conditions:

Suggested Entry $40.05
Suggested Stop Loss $39.24
Target price $46.58