LNTH Power Play(High tight Flag) gets tight and offers entry. It has a nice shakeout that helps the pattern because it was wedging. This is a very competitive industry with low margins but the price action is very powerful so giving the benefit of the doubt.
Note
Moving Stop loss to 59.80; trailing the 50 DMA
Note
Moving stop to break even
Trade closed manually
Many of my positions acted very poorly today and been getting stopped out. Had to sell many positions today to finance the hits the portfolio has been taking. Exited @71.95
Trade active
Closed all my positions and re-bought LNTH. Is the one I have more conviction on. Bought 221.0289 Shares @72.44 16K (3.09% Portfolio Weigh) Ill try to regain traction with this as I think this was one of the first potential leaders to break out of the bear market lows.
Note
Closed trade. Back to cash. No progress at all on my attempts. Flat on my account. Will try to build from here again.
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.