Channel up
Updated
Channel up
Note
I was stopped out at 193.49. It may have been better to use a lower stop trigger price, but:1. I wanted today's candle to NOT dip below the SMA50 line and yesterday's low again, showing more relative strength, support, and a trendline bounce at these levels.
2. I stuck to the level of risk i defined at entry.
Not only did this trade not work out, but I've also closed my entire long-term position in this stock - I've been accumulating since January-2015 :) . Huang's recent insider selling, and the limited price appreciation following last quarter's beat and raise, have compelled me to look for better alpha / a faster race horse.
Trade closed: stop reached
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.