TDOC - 11.24% Potential Profit - Ascending Triangle
Updated
Clear Uptrend Corridor with Support and Resistance confirmed multiple times over the past 2 months. Ascending Triangle formed within, breaking through consolidation.
I would place a limit entry order to confirm the new support.
- Historical uptrend
- RSI + Stoch well above 50
- MACD above Signal.
Suggested Entry $238.65
Suggested Stop Loss $232.37
Target price $265
I would place a limit entry order to confirm the new support.
- Historical uptrend
- RSI + Stoch well above 50
- MACD above Signal.
Suggested Entry $238.65
Suggested Stop Loss $232.37
Target price $265
Comment
Trade closed for a 7.03% profitTrade closed: target reached
4.53% profit.(Apologies, ignore the comment above this, wrong input)
Comment
Looking at how the price action evolved, will make you realize the importance of locking profits early.You will miss out on some great bull runs, sure. But you will also preserve your capital from dropping 20%+ with single trade like this.
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