MCK , LONG 🚂Choo Choo~

Long MCK as my first chess piece in market re-entry from cash , I like MCK reminds me of a slow train climbing away inch by inch foot by foot . Market closed in GTM today per SPY...

Plan

Entry - 360.38
Stop Vs 21 ema
PT1 R1 , stop to half risk
PT2 R2 , stop same
HourWD - sell some
21 WD - out balance

*Caution will be exercised pre earnings ( Nov 01 AMC ) . Will see where trade is at that point and asses , if we chop sideways with no PT hits I will have to downsize to respect a gap down potential ..



Also eying up RYAN , LABU/XBI , and anything else pushing showing strength ....progressive exposure ...

Comment:

Pt 1 hit today , stop up ..

Comment:

pt 2 hit yesterday

Comment:

instead of an hourly WD to sell 1/4 I'm switching over to 65min so the final candle of the day is not only 30 min , 1 hour charts is flawed this way ... Learned that from Brian Shannon , smart man . :)

Comment:

Hourly would have gotten us out at eod of 1/4 of shares but instead 65min stayed above its 21ema so I decided to hold , it was close . Earnings tommorow amc too , but I have greater than a 7% Profit cushion so I can hold through EPS and this stage two they have a history of beating except for may..

Tomorrows another day ~

Comment:

WD on 65 min chart , but its early and its running into trend support , set a stop to exit 1/4 under LOC though ,will let the stock decide what's best for it .

Comment:

down to 1/4 of original play here , nice action today though .. good reaction to earnings

Trade closed manually:

closed under its ema's also one of the largest wide range bars of its stage 2 today , out .
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