KOLD uptrend inside uptrend inside uptrend and possible going up
Updated
The oversold 
KOLD presents us with an interesting pattern of 3 uptrends inside each other on the 15 min chart, coming from a daily reversal.
The zone on the analysis is located in a sweet spot, giving us the opportunity for a first target at 5:1 and second target over 10:1. Even more if we're wanting to be patient and wait for the breakout the weekly resistance.
Risk: 0.76 per share
Shares: 131 ($100 total risk)
Target 1: 75.43
Target 2: 80.91
I will take the trade a second time if price hits stop loss and goes back up in the trade direction, as price crosses entry point going up. There's a second zone sitting right below the first one.
KOLD presents us with an interesting pattern of 3 uptrends inside each other on the 15 min chart, coming from a daily reversal.The zone on the analysis is located in a sweet spot, giving us the opportunity for a first target at 5:1 and second target over 10:1. Even more if we're wanting to be patient and wait for the breakout the weekly resistance.
Risk: 0.76 per share
Shares: 131 ($100 total risk)
Target 1: 75.43
Target 2: 80.91
I will take the trade a second time if price hits stop loss and goes back up in the trade direction, as price crosses entry point going up. There's a second zone sitting right below the first one.
Trade active
Hit stop loss on its way down, so I took the trade a second time. Took some profit @74.72 and moved stop to BE. Letting the trade play now up to the 5:1 target.Trade closed: stop reached
B/E hit - small profit on the trade.Disclaimer
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