Perfect setup forming 12% target 3-4% stop at 61.8% retracement but i set extra room and will prolly tighten as it progresses (stocks has high intraday volatility.) will raise on headline risk or bearish candles. $85.83. Is the real place this stock has to hold!
I'm bullish QIHU long term, but being very careful on all trades and reducing risk amount due...
SETUP for a Swing Trade with 5 to 1 and 10 -1 risk reward. ENTRY Range, Initial STOP, and 2 different Target levels listed on Chart. Any Questions happy to answer how I use this setup to make consistent profits.
Setup=
1. Bollinger Band extreme with strong bullish candle followed by 2 days closing above that candles low. Pattern has repeated again and again.
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