LABD follow up, link back for original chart.
It hit the .786 pullback
An aggressive entry would have been to buy the .786 with a stop just below the last swing low of 11.95 on the 15 minute chart.
Risk management
Buy at 12.15 stop loss at 11.95 for a .20/share risk
A $500 max loss would be 500 divided by .20 = 2,500 shares purchased
for a total of $30,375
An initial take profits for the .786 pullback is at the top of the body of the last swing high.
It hit the .786 pullback
An aggressive entry would have been to buy the .786 with a stop just below the last swing low of 11.95 on the 15 minute chart.
Risk management
Buy at 12.15 stop loss at 11.95 for a .20/share risk
A $500 max loss would be 500 divided by .20 = 2,500 shares purchased
for a total of $30,375
An initial take profits for the .786 pullback is at the top of the body of the last swing high.
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