- Here’s another Quick Trade from Our Trading Room Executive summaries - As discussed in Executive summaries we bought TAX at 7.13 in 5/31/16, it was looking an up-ward momentum trade as it crossed up EMA5 & SAM20. Our first target was at 11.73, around 23% Fib Retracement Level. With our surprise Stock moved to our first target the next day giving us a chance to lock a 7% profit.
Trade Details – TAX- Long Trade Logic: Momentum pattern, Long channel breakdown adjustment to Fib Retracement level 23% & further to 38% Entry price: 11.13 Target Price: 11:93, second target 13.73 Stop-Loss: 10.67
You can check our detailed analysis on TAX in the trading room link here-
Trade Suggestion Date: 5/31/2016 Trading Room - Executive summery link: youtube.com/watch?v=Gqguc2Zm040 Time Span: 5.25” Trade Open: 5/31/2016 Trade Close: 6/1/2016 Profit/Loss: 7% return in Stock trading in only 1 Day !!!