Entry: 32.50
Stop: 31.49
Target: 39+
Risk: 1 Dollar
Before Trade
DISCA has a really big level at 33.50 dating back to 2015. On the monthly chart it's on it's 4th retest, on the weekly chart it's prior week was an inside week and it looks like a bull flag on the daily chart (Time frame continuity)
My plan is to buy through the highs of the inside week / the top of the bull flag on the daily chart and put my stop at the low of the bull flag (Under support)
During Trade
So far it seems to be working slowly, it's moved up to test that huge monthly level at 33.50, haven't sold any because I want to let it work and get good risk:reward. I upped my stop to break even (32.49)
After Trade
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-12-25 09:32:15 | DISCA | buy | $32.510 | long |
2019-12-31 09:36:00 | DISCA | sell | $32.490 | 0 |
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