nLIGHT, Inc.
Long
Updated

LASR -LONG base consolidation

Making new highs and higher lows. Nice consolidation along base. Earnings winner. Moving averages splitting open. MACD up. Double bottom. Volatility factor slightly rising, and quietly trending after earnings. Positive fundamentals. I like so many things about this one!

Using 10% stop loss from entry for future to better track my results, which is near swing low $19.91

0.2% capital risk

Also considering re-entry on VG after seeing rejection of sell off @ earnings report, watching for now.
Trade active
Stop to $20.63, below yesterday's low, resisting the $23 level. Appears to be channeling right now, the stop will take me out if it doesn't act right.
Trade active
Stop to $22.31 below 20 ema. Weird chart but whatever.
Trade active
Stop to $22.92 10 day price low Next resistance @ $24.85 ish
Trade active
Stop to $24.03 (20 MA) will take off position ahead of earnings May 8th.

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