Strategy
Pivot in uptrend off 20ema. Place stop below todays lows rather than yesterdays as too far away. Precise stop based on level 2 support. Enter at 847 Max. 11/8 12:23pm – stop to 854 below today’s low. 14/08 8:52am – raise stop to 869 below todays low and round number. 9:14am – updated target to 919 from 885 as target hit. Trailed stop to 874 below todays low. Consider taking half profits as target has been acheived. 9:36am – stop to 879 as price breaks through 885
Performance
This stock has moved a total of 9.4% so based on a money-managed trade of 1% risk; your profit would stand at a 8.0% increase in 6 days.
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