Brookdale Senior living is showing a bounce off a strong resistance line.
-Sellers attempted to force stock down further but were unsuccessful, as evidenced by the hammer candle.
- Enter LONG with a price target of $16, slightly below the previous peak, to avoid extra unnecessary risk. - Set stop loss at $14.10, below the main resistance line. Get out immediately on break of this line.
Trade active
Active in this trade. Entered friday using a CALL option and at approximately 40% profit.
Trade closed manually
Due to the massive impulse I closed early. I still believe the price target is valid but by using options I secured a 60% gain which is more than enough for a single trade!
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.