LR - Breakout Play
My First Blog $LR - March Favorite Stock $LR - BUY Signal on March 6, 2018 Technical Analysis: Price broke out 100 day High Resistance of 4.8x Breakout Candle: 62% bullish, highest range in the past 2 weeks Volume: +636% spike against 20day average Traded Value: Php 160M+, highest traded value in 1 day for the past year EMA20 > MA50, MA50 = MA100, start of uptrend One of the Most Active Stock of the day Conviction: HIGH $LR - 1 year+ chart view I was late to bid when the stock broke out. My bid at 4.92 during Run-off (last 10 mins. before Closing) of Mar.6 wasn't executed. So I just bought at 4.94 (2 ticks above 4.92) instead on the next day's Open. The number of shares I bought was calculated, enough for me to risk at least 2% of my overall Port in case I had to cut it immediately if it goes down beyond 4.4x. Port snap as of March 7 - the day I bought LR Trading Plan: Cut at 4.4x (below the previous' Open) or