RTX Entry, Volume, Target, Stop

When price clears: 97.44
With above average daily volume.
Target: 103.00 area
Stop: Depending on your risk tolerance; 95.58 gets you 3/1 Risk/Reward

This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.

Kommentera:

Break below the channel negates this long idea, but may open a short idea.

Kommentera:

Hit the bottom of the channel with lower volume, but reversed. I'd like to see it reverse from here, I'll keep watching.

Handel aktiv:

Decided to enter based on reversal. Target remains the same, my stop will be 92.

Kommentera:

Decent bounce, but not great volume - this stock could keep going lower. I will stop out at 92 if necessary.

Kommentera:

Sold 1/3

Kommentera:

1. I broke some of my rules taking this trade, so while I'm happy to be up, I'm not happy that I broke my rules.

2. I did sell some into strength - so the big drop today isn't as concerning as it would be if I hadn't. Worst case is I make a small profit even if I have to sell my remaining 2/3's at my entry price.

3. I've set a stop at my original entry price.

Kommentera:

I closed my trade, small profit but earnings are coming.

Order avbruten:

Risk Reward out of whack after earnings.