SHAK - 10.08% Potential Profit - Ascending Triangle

Ascending Triangle breaking out after a 6-month uptrend.

Aggressive buyer presence in the past month. I will try to make the most of the recent drop and play the bounce. However, this is a highly-sensitive pandemic stock, therefore I will allocate 35% less capital than usual.

- Target Entry $65.20 (Buy Limit) or $66.50 (Buy Stop)
- Target Stop Loss $64.57
- Target Exit $72.50

About me
- P/L September +33.74% | August: +232.32% | Historical Win Ratio 70.59% | No Trades without Analysis
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss

Commento:

Keep in mind that I have a short setup with WEN. This means that if I take WEN, I might not take SHAK, and vice-versa. There is a very small possibility that I will take both at the same time.

It all depends on how the market opens today.

Trade attivo:

Still active.

Trade chiuso: obiettivo raggiunto:

+4.17% profit