PLUG Trade on May 17, 2021 11:59 from thejyoung87: Tradervue User Stock Trades.

IDEA: Over 25 was clear cut 1-hour chart resistance, I waited for the break of 25 and then the test, once it tested 25 it triggered. Generally, I wait for a double test but I didn't this time, however after it double tested it shot down to 24.2 so whether I waited for the double or not it still would have triggered my entry test of 25. It pulled back immediately but never stopped out as I sized down and based my stop and targets off the 1-hour chart. I gave myself plenty of room to wiggle without crushing my account if it goes against me.

Risk/Reward = 3:1 WIN

ENTRY:25.12

STOP:23.70 yesterdays low

FIRST TARGET:28.30 a cozy spot in some price action just before next heavy resistance around 29 range.

SECOND TARGET:

THIRD TARGET:

SOLD AT: 28.32

CATALYST: Nothing more than technicals. No news

FUNDAMENTALS: a good solid company

TECHNICALS: Pullback to support to test prior resistance at 25

TAKEAWAYS: I do well with stocks over 20$ with good fundamentals that I examine for entry on the 1-hour chart. Note; entry was right above 13 EMA on the daily chart.Also on the 5th day of uptrend after a reversal. GOLD