I am done for the day - below is a nice trade in HOKU.
As X would say - good volume, low price, a narrow-range entry...it was easy to have a good-size position.
The 2nd and 3rd bars pulled back from the 1st bar high (a shallow pullback), and the 3rd bar formed a nice hammer. I entered on a break of the 3rd bar high, sold 1/2 at the Fibonacci extension, and sold the other 1/2 on a break of the 9th bar low.
Overall a good trade and a good percentage gain.
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Tags:
Trader-X, Stocks, Fibonacci, HOKU
1 comment:
Niceeeeee. TJ
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