At support and starting a new uptrend, this represents a low risk trade. A trade can either be entered around the close at $4.19 or a few cents lower around the $4.05 area which is the area I will be targetting.
Initial target and 50% take profit around $4.8, longer term target around $6, stop loss $3.39
Possibility to go for an options play also with .IIQLA Dec 09 $5 call.
No comments:
Post a Comment