RotanimreT

SDC Swing trade idea with 2 targets 1) R/R 1/3.6 2) R/R 1/6.5

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RotanimreT Atualizado   
NASDAQ:SDC   None
Thanks for your time reviewing my swing trade idea.
As of today SDC has 37% short float with 5 days to cover...
This idea is based on the signals from the indicators listed on my chart , please take a look at the pink squares.
ENTRY: $5.48 ( around 20 MA area)
STOP : $5.21 (around 50 MA area)
TARGET 1 (GAP FILLER) $6.47 R/R 1/3.6
TARGET 2 (200 MA) $7.25 R/R 1/6.5
Not financial advice .
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CLICK ON THE SCREENSHOT BELOW FOR BETTER VIEW
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SDC moved down to $5.475, position opened at $5.48 ,currently SDC at $5.63
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Take a look at $7.16 area( strong demand zone) as you noticed every time when SDC gets to that level it shoots up to $9.16 area (supply zone). If SDC manage to get to $7.16 then more shares can be added (this is the area where shorts are going to start to cover their positions stronger ) .Not financial advice .
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$7.16 marked with thin dark blue horizontal line
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SDC hit $6.32 today, I closed my position at $6.30 ,$0.17 short of my target, took $0.82 profit per share ,currently (after hours ) SDC price is $6.29.
Satisfied with my profit , not satisfied with not following my original plan and selling before SDC hit my target. I need to work on : 1) target selection, 2) emotion control , so my fears and targets can be in equilibrium.
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position closed .
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Planing to get back in when SDC cross from below $7.16 area with target of $9
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SDC hit $6.65 today , passed my original target, not following my plan cost me extra $0.17 profit per share .
Aviso legal

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