$RDBX unorthodox technical analysis 👁‍🗨

*This is not financial advice, so trade at your own risks*

*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*

*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management

Today my team entered Redbox Entertainment at $10 per share. We set an automatic stop loss at $8.80 which would be a -12% loss.

This play has the potential to reach at least 50% above our entry in a very short amount of time. It could also do the exact opposite. We like the chart set-up, but please listen to us when we say that this isn't a safe bet.

Good luck to all!

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註釋

stopped out at $8.80. This was a small entry, so it wasn't too bad of a loss. We entered again at $8.90 with a slightly bigger entry. New stop loss is set at $8.70. We are only back in because bounced off of a pretty strong trendline today.

註釋

To remind you guys, these are automatic stop losses, not manual due to the high risk of this play.

交易結束：達到停損點

交易進行

Back in at $6.

註釋

ENTRY: $6
STOP LOSS: $5.50

註釋

That stop loss is automatic. We still think needs more time before its ready. We're using a small position at the moment.

手動結束交易

Exiting above the stop loss at $5.80