I initiated a swing position at $14.99 in a fundamentally strong, high-yield stock that’s currently trading near a major support zone. The setup aligns with both technical and fundamental factors, making it a compelling trade for swing traders or dividend investors.
📈 Trade Setup:
My Entry: $14.99 (yes I'm a bit early)
Buy Zone: $14.00 – $14.75
🎯 Profit Targets:
Target 1: $16.00 (+6.7%)
Target 2: $16.86 (Analyst Target, +12.5%)
Target 3: $18.50 (+23.4%)
🛑 Stop-Loss Strategy:
Conservative Stop: $13.50
Aggressive Stop: $13.00
(Risk/reward from current entry is still favorable.)
💡 Risk-Reward Ratio:
Approximately 2.5:1 – a solid setup considering the fundamentals and yield.
📈 Trade Setup:
My Entry: $14.99 (yes I'm a bit early)
Buy Zone: $14.00 – $14.75
🎯 Profit Targets:
Target 1: $16.00 (+6.7%)
Target 2: $16.86 (Analyst Target, +12.5%)
Target 3: $18.50 (+23.4%)
🛑 Stop-Loss Strategy:
Conservative Stop: $13.50
Aggressive Stop: $13.00
(Risk/reward from current entry is still favorable.)
💡 Risk-Reward Ratio:
Approximately 2.5:1 – a solid setup considering the fundamentals and yield.
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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.
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.