H2O Breakout and Trading Halt
*****unfinished*****
H2O's Disclosure
VITA - MYH Breakout - Momentum PLAY
VITA - MYH Breakout - Momentum PLAY. +33% in 3 days, -3% in 6 days VITA$ I bought $VITA shares EOD (bid at Pre-Run-off) at 2.99 pesos. Technically it's not yet a breakout because it didn't close above 3 pesos but I still chose to BUY it. Why? Reasons for Buying: Price closed near MYH of 3 pesos with a Momentum Candle. Solid closing. Price > EMA20 > MA50 > MA100 (AOTS) Volume Spike One of the most active stock of the day The above list is enough already to convinced me that this is tradable. $VITA Daily Chart 04/17/2018 Closing Daily Chart - Zoomed in - Momentum Port snap as of Apr 17, 2018 - the day I bought $VITA Weekly Chart - Zoomed out - About to break MYH of 3 pesos The next resistance here is 4 pesos (whole number) which is also near the Fib Golden ratio (1.618%). My stoploss here is at 2.65 (Apr17 OPEN) and the TP1 at 4 pesos which gave me R:R ratio of 3. As usual, part of my risk management, the number of share
Comments
Post a Comment