SHOP - 24.86% Potential Profit - Uptrend Corridor Bounce
Updated
Uptrend Corridor bounce with target price set at resistance.
A very speculative trade with a great risk/reward ratio. However, a trade to approach carefully, despite the attractive potential rewards.
- Strong Uptrend
- RSI above / STOCH below 50
- MACD below Signal
Suggested Entry $1031.17
Suggested Stop Loss $989.53
Target price $1293.48
Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
A very speculative trade with a great risk/reward ratio. However, a trade to approach carefully, despite the attractive potential rewards.
- Strong Uptrend
- RSI above / STOCH below 50
- MACD below Signal
Suggested Entry $1031.17
Suggested Stop Loss $989.53
Target price $1293.48
Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
Comment
Updated:Suggested Entry $1025.05
Suggested Stop Loss $1004.25
Target price $1293.48
Trade closed: stop reached
-2.21 lossComment
EDIT: -2.21% loss
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