Quill,
I fudged your rules and jumped in a bit earlier than they would permit. Also, I had to ride out the attempted retest of the low. But it’s pretty clear that the trade is working nicely.
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Made another 4.99% today on this trade on an otherwise down day for most markets. (Corn and wheat offered modest gains, as did the solar sector, though not 'beans, sugar, copper, uranium, lithium, or rare earths.)
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Arindam,
In at 6/21/24 @ 19.62
out at 7/1/24 @ 20.50
In at 7/8/24 @ 19.98
Now sitting at 26.07
Not to shabby for bottom fishing.
up $6.45 - (32.90%) - within 24 bars.
Quill -
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Quill,
Using a charting pattern called "A Measured Move’, I’m projecting a profit target of $27.57 for this trade, or about a 40% gain for an about six weeks holding-period.
“God willing, and the creeks don’t rise.” LOL
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TradersPro says this.
Simply Wall Street says this.
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The chart for CBNK was looking wobbly this morning. So I banked my profit rather than hang around, hoping.
In Jun 21 at $19.45. Out Jul 26 at 25.74, for a five-week gain of 32.3%, or good enough for the girls I go dancing wth.
A big thanks to Quill and his Simon Sez charting methods for yet another successful trade.
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