There is a great potential reward to risk ratio on LABU that is trending in a parallel channel.
The idea is to buy at the bottom of the channel an sell at the top on un uptrend.
Buy 124
Stop loss 119 ((just below the most discernable low)
Take profit 149 (at the top of the channel that coincides with previous resistance)
The idea is to buy at the bottom of the channel an sell at the top on un uptrend.
Buy 124
Stop loss 119 ((just below the most discernable low)
Take profit 149 (at the top of the channel that coincides with previous resistance)
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