QuantumMaster

SNE bouncing off 50 EMA

Long
NYSE:SNE   None
I was watching this yesterday hoping it would bounce off of 50 EMA. Today, it looks like it confirmed the bounce and so I took a small position at $63.33.

I set the stop-loss to $62.20 (1.78%) and the first profit level at $64.75 (2.24%). This is a relatively small gain from what I usually aim for, but that's ok.

A lot of analysts are also saying that this is a buy at this time.
Trade closed: stop reached:
Got stopped out 😞
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.