Setup: 1-2-3
I could have entered 5 minutes earlier. Any earlier and I was hesitant cuz it seems like I've entered a couple like this recently, and it just meandered sideways all day- the gap zapping all the juice for a further upmove (and I didn't want to spend my emo capital on sideways movement.
With that in mind I wanted to see some upside potential which the previous candle showed.
Where are EMA's: both are under, 9 not too far
EMA's-Direction & details:Up, Gap consolidated alowing them to catch up
Time Frame Alignment: MoMo stock. today moved above 20 & 50 dma's
Volume:huge
Market action-Spy-Sectors-stock: former momo zooming outa base
Stop: Stop 5.43 (under bar previous to entry, then moved to 5.46 (under entry bar) @ 11:23)
2nd Stop 5.79 3rd Stop 5.87 (hit)
Target:First Target 5.70 - hit 2:52pm sell 2nd partial at 5.85 - hit 3rd Target 5.94xxx
R/R: 6/21
Are Stop/Target proper:1st target seems far but it worked, and maybe shoulda held longer
8235/33
Execution detail:
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Still nice entry and exits