30 March 2019

Did You Take This Trade? Victory Lap Alert

On March 21st Biogen [BIIB] fell out of bed on the back of some fundamental news.  

I posted this suggesting there would be a trade (Dead Cat Bounce) worth taking soon.

That trade triggered on Monday 25 March when price breached the high of a low making 4 Hour candle [High $220.65 and Low $216.53].  

Let's say you took that trade at $221 with an initial stop loss at $216.50.

As of today's closing price $236.38 you would be up around $15 on that initial risk of $4.50... or more than 3x that risk.

Not bad work if you can get it.

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