stockssniperNov 09, 15 10:16 AM
Good call, but also I would be careful, there is a resistance (daily high on 24 July 2015 at 4.23), at the first test, there was also huge seller at 4.24
$256 Profit
MITKLong Stock
Entry comments: Earnings winner trying to pull a multi-month breakout, not sure if it can do it, its failed so many times, small position, goal is to make 30-50 cents/share, 10 cents/share of risk
Exit comments: Breakout is stalling like its always has in the past, taking small gains, look to re-buy if there's a big dip so I have better risk/reward abound the key breakout level of 4.15, trade safe in today's ugly market, it's VERY different from Friday!
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Broker:ETrade
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Position Updates
- Nov 09, 15 8:54 AM: Bought 3000 at 4.09 - Earnings winner trying to pull a multi-month breakout, not sure if it can do it, its failed so many times, small position, goal is to make 30-50 cents/share, 10 cents/share of risk
- Nov 09, 15 9:51 AM: Added 3000 at 4.17 - Added to my position on the decent if not great multi-month breakout, goal is to sell in the 4.30s or 4.40s today or tomorrow
- Nov 09, 15 10:58 AM: Sold 6000 at 4.17 - Breakout is stalling like its always has in the past, taking small gains, look to re-buy if there's a big dip so I have better risk/reward abound the key breakout level of 4.15, trade safe in today's ugly market, it's VERY different from Friday!
| Date | Price | |
|---|---|---|
| Entry | 11/9/2015 | 4.13 |
| Exit | 11/9/2015 | 4.17 |
- Total Views1,211
- Position Size6,000
- Percentage0.97%
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