I traded 
VRT about 3 weeks ago on the break above the declining trendline shown on the chart. It had a lackluster move, so I closed it out for 1.12 profit per share over a 2-week span, too slow for me.
Yesterday saw a lot of buying on big volume. I wanted to wait until this morning to see if there was going to be any follow through. Yes, it happened so I have started a new ¼ size position with the day low as my stop. With all that volume I am looking for this to be a sustainable breakout, but I have that stop in case I am wrong. If I am correct, I will look to add on any pullbacks to the moving averages.
Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
VRT about 3 weeks ago on the break above the declining trendline shown on the chart. It had a lackluster move, so I closed it out for 1.12 profit per share over a 2-week span, too slow for me.Yesterday saw a lot of buying on big volume. I wanted to wait until this morning to see if there was going to be any follow through. Yes, it happened so I have started a new ¼ size position with the day low as my stop. With all that volume I am looking for this to be a sustainable breakout, but I have that stop in case I am wrong. If I am correct, I will look to add on any pullbacks to the moving averages.
Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
Trade active
I started a 1/4 size position in VRT back on December 1. It has not been a barn burner but I am up almost $5 per share. I just added another 1/4 size this morning to bring this up to a 1/2 size position. Note
Correction on $5 gain, It is $3.85.Note
VRT I have taken 1/2 of my position off here to book some profit as it looks to be climaxing. I'll keep holding the position I have now with a breakeven stop. I would like to add back on pullbacks as I think this is a bit of a sleeper and could give me 20% to 30% gains if played right. TBD.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
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.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
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.