*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
My team entered Mirum Pharmaceuticals $MIRM today at $25 per share. Our take profit is $30. We also have a stop less set at $24
OUR ENTRY: $25
FIRST TAKE PROFIT: $30
STOP LOSS: $24
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Comment:
Holding
Comment:
2nd entry at $23
Comment:
No buying yet so they are probably waiting for a retrace $20
Comment:
This is a strong company long-term but $15.5 is still not out of the question. In this scenario we will deploy our 3rd entry and just wait it out.
Comment:
Our average is $24 per share. Its facing resistance right now and it could get dragged down along with the rest of the US stock market. We say its bear-proof because this company has the ability to perform a 100%-200% jump in one day which is why we are holding. However, we will take the opportunity to exit at $23.58 for a small loss of -1.75%. Let's hope that we can secure a lower share price in the near future.
Trade closed manually
Trade active:
Earnings today. Entering at $23.30.
Comment:
automatic stop loss at $23.50
Trade closed manually:
taking profit at $24.92.
