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RUSS long breakout potential
Long
RUSS long breakout potential
By ericsolan
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Updated
Mar 17, 2020
3
Cheer
Cheer
Feb 27, 2020
As RUSS broke its major downward trendline, a long position with a good reward to risk ratio can be entered with a tight stop.
Factors leading to the decision:
The recent downtrend has been broken with very heavy volume
The 20ma was broken, pulling in moving-average traders off the side-lines
A recent low offers a perfect spot to put a logical technical stop
As always, respect a tight-stop. If it rips up, let it run and trail stops behind.
Mar 17, 2020
Comment
Still hangin onto this trade... moved stop up to 12.50
Mar 19, 2020
Comment
Target reached. Options here include selling all, selling half and riding stops up or going full Rambo and hanging onto the position and raising stops
Mar 25, 2020
Trade closed: stop reached
Closed my position around 12 as this ETF is labelled to be decomissioned this week
breakout
breakouttrading
Support and Resistance
Trend Lines
ericsolan
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