Biotech Power Play (164% increase since Jan low). Consolidated making a nice VCP with a constructive shakeout below the 50 day giving tennis ball action immediately with very nice up volume vs down volume.
Avg Cost: 42.10
Stop: 38.55
Risk: 8.43%
$ Risk: 675 usd--> 8K position size, .55% portfolio weight.
Wanted to buy full "Positioning Size"-->1k risk, but stock moved to fast.
Avg Cost: 42.10
Stop: 38.55
Risk: 8.43%
$ Risk: 675 usd--> 8K position size, .55% portfolio weight.
Wanted to buy full "Positioning Size"-->1k risk, but stock moved to fast.
Note
Correction, position is 1.6% of portfolio.Trade closed: stop reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.