This is an update to my previous analysis on VCEL. I took profits at 7.70 and plan on re-entering this coming week.
A word of caution - last week shows signs of some probability for failure. This long deserves some caution IMO. A tighter stop may make sense for some, or simply a reduced amount of risk on this trade. Remember the market cap is extremely low so this could pop in either direction very quickly.
A word of caution - last week shows signs of some probability for failure. This long deserves some caution IMO. A tighter stop may make sense for some, or simply a reduced amount of risk on this trade. Remember the market cap is extremely low so this could pop in either direction very quickly.
Note
Big reversal. Trailing stops go up to 6.50.I re-entered at 7.05
Note
Stop goes up as the price has risen. Note, price is trading higher in the last week of the month. This is always a very good sign. Trade closed: target reached
Took profits on 33% of the position at 12.40
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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.