IRIX Head and Shoulders Long
Updated
On the IRIX daily it appears to be the start of a potential head and shoulders structure. If this occurs, we could see a rebound for the next month with this stock (or up to $16.24, whichever comes first).
Trade active
Trade locked in at $13.77 with a stop at $12.76 as shown in the chart.Trade active
Correction: Trade was locked in at $13.40. Current stop at $12.80, we will be using a trailing stop as this trend continues.Trade closed: stop reached
Trailing stop hit today at $13.80. Very small profit here; this stock just wasn't moving as fast as I would have hoped.
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.