Trade Review - LUNR
When found in the screener, the stock showed a decent continuation pattern on the weekly chart. It was added to the watchlist to track a potential move, still were some distance to prior swing high.
Execution Chart.
Trade Overview
• Structure: Bullish Continuation
• Position: Near Mean
• Entry Trigger: Range Expansion
Entry Details
• Entry Price: 9.38
• Stop Price: 8.30
• Target Price: 12.36
• Expected Risk/Reward: 2.65 R
Exit Strategy
• Exit Price: Closed 50% into 1R and rest at 12.18.
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