*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
My team has been paying close attention to the price action of biotech company $NOVN these past few days after it experienced an 80 percent increase last Friday. Despite its amazing performance $NOVN failed to break strong resistance at $20 per share and experienced a drastic drop down to $10.76. $NOVN now rests at support at $11 per share.
My team expects $NOVN to perform well short-term due to this overly excessive sell-off.
We have entered today at $11 per share and have set our first take profit at $15 indicating a 36 percent increase from current levels.
Entry: $11
First take profit: $15
2nd take profit: $18
Stop loss: $10
If you want to see more, please like and follow us @SimplyShowMeTheMoney
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
My team has been paying close attention to the price action of biotech company $NOVN these past few days after it experienced an 80 percent increase last Friday. Despite its amazing performance $NOVN failed to break strong resistance at $20 per share and experienced a drastic drop down to $10.76. $NOVN now rests at support at $11 per share.
My team expects $NOVN to perform well short-term due to this overly excessive sell-off.
We have entered today at $11 per share and have set our first take profit at $15 indicating a 36 percent increase from current levels.
Entry: $11
First take profit: $15
2nd take profit: $18
Stop loss: $10
If you want to see more, please like and follow us @SimplyShowMeTheMoney
Comentário:
On 6/23/2021 stock price fell to $9.98 but then went back up to $10.20. We normally take stop losses very seriously here @SimplyShowMeTheMoney, but we're holding the trade due to this occurrence. If price falls below $10.00 again then our system will automatically force us out of the trade.
Trade fechado: stop atingido