-$80 Loss
AMDALong Stock
ara_vardanyan

Bought AMDA after it showed signs of support at 1.10 and broke out, dipped, then rebounded. It went up to 1.4 on massive volume and I was up about $120 on my position when it started testing the 1.4 area. I was confident it would break it and reach at least 1.5 but I was incorrect and AMDA started dropping. I believed it was going to consolidate in 1.25-1.30 channel which it did but then it cracked instead of retesting the high. LESSON LEARNED: TAKE PROFITS!

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DatePrice
Entry8/23/20161.1982
Exit8/23/20161.1304
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