Inverted head and shoulder formation

12 mar 2018

This setup is a short term scalp. The stock has formed an inverted head and shoulder pattern at the support zone. Hence we shall see this opportunity as a short term pullback move till 570.

Entry - Go long above 349 or enter when it pullbacks to 344 area.
SL - 338
T1 - 355
T2 - 360

For educational purpose.
Thanks.

13 mar 2018

Trade attivo

13 mar 2018

Nota

Target 1 done

13 mar 2018

Nota

Trailing my SL to 354 for the rest

13 mar 2018

Nota

Target 2 done. That was a good 3% upmove for an intraday trade.

13 mar 2018

Trade chiuso: obiettivo raggiunto

All targets done. I personally closed my entire position at 360, but the price moved sharply till 370 as mentioned earlier. Nice move.