Well COIN broke the chains yesterday for a one day gain of over 12%! This play showed up on my scan in early February. It was one of my Fibonacci plays in where I look for a stock that has a huge gain and then retraces for a breather.
They usually take longer to develop. If and when I play them I usually have a stop order in place and a target price figured for my exits. My target for COIN is over $18.
Traditionally, after a nice run we saw yesterday, I would just remove my targets and employ a trailing stop. But now that I have been getting more involved with options, these may be great plays in that area!
Link back for the chart.
Boca_Bobby
Boca_Bobby
Mom said there would be days like this!
