Trade Journal: Long $TNDM - 4/16/2020

Tandem Diabetes Care, Inc. (NASDAQ:TNDM)

Updated

NASDAQ:TNDM Tandem Diabetes Care, Inc.

trendanalysis chartpattern trade journal stocks setup ascending triangle tndm

TNDM has been on my watchlist for a long trade and today the trade triggered. Ever since bouncing from 44 lows to 70 TNDM has been consolidating sideways and formed a solid Ascending Triangle pattern. This pattern is also right under the 50DMA making this a potentially powerful breakout. I also like the fact TNDM is holding above the rising 5DMA.

Entry - 70.86
Stop Loss - 68.60
Target - 80

Comment:

Move up stop loss to 70.65. I plan to take initial profits near end of day.

Comment:

Took off 1/3rd at 93.18.

Comment:

Sorry meant 73.18*

Trade closed: stop reached:

Got stopped out of the rest at 70.65. Good thing I took profits yesterday so I'm positive on this trade.

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