Dav-O Setup (Papertrade)
Updated
Entertainment Purpose only, not trading advice, DYOR
*Enter at confirmation of double bottom at daily close above wick at $40.40.
*Stop Loss at 2 ticks below tail of double bottom, $38.15.
*Sell 1/2,my position at $45.46, move remaining to scratch.
-If internals remain strongly bullish, employ 3 lows-highs stop management tool to keep feeding the market and taking profit.
Another tidbit. There are many significant fundamental factors looming, Covid, elections in the US, and other geo-political events around the world. A big enough fundamental event could throw the TA out the window.
*Enter at confirmation of double bottom at daily close above wick at $40.40.
*Stop Loss at 2 ticks below tail of double bottom, $38.15.
*Sell 1/2,my position at $45.46, move remaining to scratch.
-If internals remain strongly bullish, employ 3 lows-highs stop management tool to keep feeding the market and taking profit.
Another tidbit. There are many significant fundamental factors looming, Covid, elections in the US, and other geo-political events around the world. A big enough fundamental event could throw the TA out the window.
Note
Finviz, FAfinviz.com/quote.ashx?t=CIEN&ty=c&ta=0&p=d
Trade closed: stop reached
I was stopped out on both this trade and my Cisco trade; both assets turned and hit profit objective. Will work more on stop-loss understanding, placement, and management.
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.