Pre-Earnings Breakout

12 ก.ค. 2024

STEM

Looking at the downtrend line for STEM you will notice we have connected four touch points. Today the price action signaled a breakout above the trend line.

Second Image:
https://www.tradingview.com/x/L46IL1zG/

In the 'Second Image' we added the 50DMA and notice that yesterday 11Jul24 the stock closed above the 50DMA for the first time in 150 Days.

Entry Level: $1.33
Stop Loss: $1.20

Third Image (Gap 2 May 2024): https://www.tradingview.com/x/8BVNHSlC/

Profit Target 1: $1.78 gap from 2 May 2024
Moving Stop Loss: $1.30 after hitting target one and taking 50-75% in profits.
Profit Target 2: $2.00

Happy Trading.

23 ส.ค. 2024

ปิดการเทรด: ถึงเป้าหมายการตัดขาดทุน

Apologies on late update, but as detailed above stop loss was exceeded on earnings date. Trade was closed then.