I forgot to publish this idea yesterday, when I took this trade.
Why did I take it?
I was following F for a couple of months and saw it stuck in the range between 12 and 13 after the last earnings. It started moving up in march and it looked like some big guys were accumulating the position.
Yesterday, when the overall market turned red, F recovered very quickly, holding above 13,
I'm in fro 13.25, it's 2.7% up from my entry but I believe it's just a beginning of a bigger move.
Why did I take it?
I was following F for a couple of months and saw it stuck in the range between 12 and 13 after the last earnings. It started moving up in march and it looked like some big guys were accumulating the position.
Yesterday, when the overall market turned red, F recovered very quickly, holding above 13,
I'm in fro 13.25, it's 2.7% up from my entry but I believe it's just a beginning of a bigger move.
Trade closed: target reached:
Took my profit Thursday at the market open and seeing this blood bath on Thirsday evening I took the rest with profit as well and closed the trade.