Madbash

Nice trade on a recent IPO runner. Shorts get squeezed and the volatility offers opportunity. I got in with a wide $10 risk as this can gap a gift up gains very quickly. The 1st support level was @ 140 with 138 & 134 following "loosely" behind. I had a target of 172.95 and took half profits around 157.50 The resistance @ 170 was too great and volume too low so I sold as I was not planing to hold over the weekend.

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Newsletters:TimChallenge
Broker:ETrade
DatePrice
Entry6/25/2019142.992
Exit6/28/2019159.0633
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  • Position Size10
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