At yesterdays open there was a good longing opportunity on $CMRX. This stock ran up a nice 60 cents + and you could have easily profited! You could have gotten in at 9.11 and sold a majority of shares up in the 9.50s, and 9.37ish area. You could have even locked some in at that double top in the 9.70s area.
This strategy uses moving averages and specific breakdown points. The Blue Circles identify entry points and the red circle identifies an area to lock in profits. If you look you can see that there is a potential of over a .50 cent a share in profits to the upside. This strategy involves buying and shorting based off of specific trends on the moving average. This was no setup that could have been taken from any other strategy. Even Tim Sykes didn't have this entry...matter fact Tim Sykes didn't even trade this. This is one of many examples that shows the power of this strategy! This strategy is really powerful if you don't see already. You risk .20cents to make nearly .60-.70. That's a damn good risk vs reward right there!
Have any questions? Feel free to email me at: thetradekiller@gmail.com
Below are the attached charts...
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