Taking a position on AU as the market was in a correction phase
Updated
After researching the trend of AU on 10.10.18, one of my worst days as a novice and new trader, this stock hit my radar. I followed it early on 10.11.18 just to be sure that it would break thru the resistance line set up over the last 20 days or so, and then jumped on at 9.37
With a price so low, most traders with any type of bankroll can get their hands on this.
I am not looking at some huge gains on the chart, but rather stocking up and allowing just a few pips to get it done in a matter before Halloween and Thanksgiving.
Using the trend lines I placed on the chart, here are my targets:
Target 1: $10.40
Target 2: $11.75
Would love to hear your thoughts.
With a price so low, most traders with any type of bankroll can get their hands on this.
I am not looking at some huge gains on the chart, but rather stocking up and allowing just a few pips to get it done in a matter before Halloween and Thanksgiving.
Using the trend lines I placed on the chart, here are my targets:
Target 1: $10.40
Target 2: $11.75
Would love to hear your thoughts.
Trade closed: target reached
Targets reached and now watching to see if overbought soon.
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