Tight stop, high risk/reward
This trade depends entirely on how the indexes perform.
The stock came off the yearly lows nicely; the bounce off strong support was a beauty.
It is now on it's way up, however, at this time it might retrace. That's why the stop loss is this tight.
The stock came off the yearly lows nicely; the bounce off strong support was a beauty.
It is now on it's way up, however, at this time it might retrace. That's why the stop loss is this tight.
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