Textbook long trade location on OSTK

21 giu 2019

Reasons for trade:

- Confirmed MACD Divergence
- Willy Crossed 13ema, and came out of over sold
- Confirmed W in price structure on daily

Entry yesterday (June 20, 2019) @ 10.52
Conservative First target : first RLZ 19
2nd profit taking location: Larger previous 38.2 level @24
3rd profit location: previous 12month 50% retrace: 28.19

11 lug 2019

Trade chiuso: obiettivo raggiunto

Felt OK taking full profits on the Options, (4X)
Initial target reached, sold 75% of equity position
SL on remainder moved into profit @38.2 fib(14.38)
If stop not hit, final profit objective is 61.8(32.97)

19 lug 2019

Trade chiuso: obiettivo raggiunto

Decided to close remaining, a successful trader, on to the next one...