Good risk / reward ratio on this trade.
Ascending Triangle breakout.
Betting on momentum to keep going past the news release of eBay releasing Bag Autenthicating service that could help the marketplace to tap into the second-hand luxury industry.
- Target Entry: $65.51
- Target Stop Loss: $63.81
- Target Exit: $75.08
- Risk / Reward Ratio: 5.63
About me
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
- When I see that the market is opening too high/low, I wait for 30 min from the opening bell before placing my order. This is to avoid that initial spikes / drops get me into a position and get me out right after.
Ascending Triangle breakout.
Betting on momentum to keep going past the news release of eBay releasing Bag Autenthicating service that could help the marketplace to tap into the second-hand luxury industry.
- Target Entry: $65.51
- Target Stop Loss: $63.81
- Target Exit: $75.08
- Risk / Reward Ratio: 5.63
About me
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
- When I see that the market is opening too high/low, I wait for 30 min from the opening bell before placing my order. This is to avoid that initial spikes / drops get me into a position and get me out right after.