2nd Long in #AVANTIFEED today's morning. Consolidation BO.
Risk 0.75% on portfolio.
New 52 Week High @624.75
2 Longs 566.60 & 595.05
Stop trailed at 560
Risk back under 0.5% of the Portfolio
New 52WH in Avanti Feeds!
3 Long Positions at 566.66, 595.05 & 625.00!
New 52WH, Up 8% today!
Booked 25% @ 694, holding rest! RR 1:5!
Has been bit extended, will like to see second base building over few weeks! Will add again if it happens!
14 mth. of cause built has the potential to bring ATH in check! Deadly combo of Mark & Wyckoff techniques!
Booked another 25% at 744. Too extended! Pullback is inevitable!
1:6 R! Will average up again after second basing!
Most awaited pullback begins. I start becoming cautious when my ISV indicator shows rating above 3. It reached around 5.
Avanti closed -4.5%, approx 12% off 52WH in 2 days. This is what to expect when move becomes extended. Booking half the quantity gives room to reaccumulate my position when it prepares for its next leg of upmove.
Trade Mgmt is the key to gain big while risking relatively small!
Shockingly bad results from #AvantiFeeds. Exited rest 50% @ 605, thankfully breakeven exit with 1.12% gain. If wouldn't have booked 50% earlier, all gains would have been erased.
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