APPS went through a 50% correction from the last high and even closed the gap from august 31st.If we see a bounce in the tech market I would think that
APPS might perform very well. This is NOT a longterm hold and investment at the moment, just a swing trade, so strict profit taking is advised!
Buy In: Now
Stop Loss: we literally pick the bottom here, so the stop has to be the low of the last candle at around 46$
Take profits like you see them in the chart
Trade closed: target reached
I actually got stopped out right after the open yesterday, I picked the stop too close, but i right away bought back in @ 47.61 and just took some profits in the 57's. Im planning to build the position up again, when see a bit of a retrace, APPS will be one of my big picks for a potential christmas rallye, it ran before, and aparently it's ready to run again, if sentiment flips to bullish!
Hallo und herzlich Willkommen bei 10xTrading -
Dein Kanal, rund ums Thema Charttechnik !
Dein Kanal, rund ums Thema Charttechnik !
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Hallo und herzlich Willkommen bei 10xTrading -
Dein Kanal, rund ums Thema Charttechnik !
Dein Kanal, rund ums Thema Charttechnik !
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.