Get started
tradepatiently

RMBS - Entry, Volume, Target, Stop

Long
Rambus, Inc. (NASDAQ:RMBS)  
tradepatiently Updated   
NASDAQ:RMBS   Rambus, Inc.
Supply and Demand Pivot Points Fibonacci
0
0
supplyanddemand pivotpoints fibonacci
Enter when price clears 51.88
With daily volume greater than 1.19M
Target: 56.50 area
Depending on your risk tolerance: 50.34 gets you 3/1 Risk/Reward
Comment:
Earnings tomorrow could make or break this, but the pullback was much deeper than I anticipated, a drop below 43.19 would negate this trade for me.
Order cancelled:
Risk / Reward too far out of whack for me, I'm taking this one off my watch list for now.
Comment:
I did eventually enter this trade when it reversed after earnings. I closed it out today and took profit. Not trading advice, others are better at me at letting winners run, but I had a small position and with long weekend and US Gov't right now, I felt good about taking my money off the table.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.