ericsolan

RUSS long breakout potential

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ericsolan 已更新   
AMEX:RUSS   None
As RUSS broke its major downward trendline, a long position with a good reward to risk ratio can be entered with a tight stop.

Factors leading to the decision:
  • The recent downtrend has been broken with very heavy volume
  • The 20ma was broken, pulling in moving-average traders off the side-lines
  • A recent low offers a perfect spot to put a logical technical stop

As always, respect a tight-stop. If it rips up, let it run and trail stops behind.
評論:
Still hangin onto this trade... moved stop up to 12.50
評論:
Target reached. Options here include selling all, selling half and riding stops up or going full Rambo and hanging onto the position and raising stops
交易結束:達到停損點:
Closed my position around 12 as this ETF is labelled to be decomissioned this week
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