Bounce LK
Updated
Bought at 35.5 (Jan 30, 2020)
Stop slightly below support
Targets:
38 (1:1), 40 (2:1), or run back to highs
Note:
Play bounce of 50MA, I had my alert at 50MA so I entered. Expecting the break of short selling over reaction due to this corona virus.
Indicators say still on a downtrend of course. But just trusting this 50MA support and levels for the bounce. Have good r/r.
Stop slightly below support
Targets:
38 (1:1), 40 (2:1), or run back to highs
Note:
Play bounce of 50MA, I had my alert at 50MA so I entered. Expecting the break of short selling over reaction due to this corona virus.
Indicators say still on a downtrend of course. But just trusting this 50MA support and levels for the bounce. Have good r/r.
Trade closed: stop reached
Welp. Stopped out. As mentioned earlier, it is clearly on the downtrend and I was playing on the level support and 50ma. (or catching a falling knife) lol. Didn't work out. May re-enter on confirmation next time when this downtrend reverses.
Trade active
As discussed above, was waiting for re-entry. On the break of 50MA. Will play this on the bounce again.Bought at EOD 36.4 (Feb 4, 2020)
Stop slightly below support (1 day ATR)
Targets:
40.07(1:1), 44.10 (2:1), or run back to highs
Note:
Play bounce of 50MA, watching to re-enter. News today Needham's price boost.
Trade active
Partial half of my position at 40 (1:1)
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