NEXT Cup & Handle

27 jun

Hello again thank you for checking out my trade idea in next decade. We see a nice cup and handle base forming prepared to break out into a new high. I've set my stop loss just below 3 candles ago and my entry point to open my position 1 cent above a swing high. I will take off 25% of this position once I reach a one-to-one risk reward ratio and then move my stop loss up to my entry point. If the stock continues to rise, I will adjust my stop loss accordingly on a daily basis in a manner that will be triggered if the uptrend is broken. If we see slow movement up, I will move my stop loss up slower, if we see fast movement up, I will move my stop loss up quicker. Let me know if you have any questions or concerns or if you're interested in energy stocks like this at the moment since semiconductors seem to be and a little bit of a sell off right now.