I Think This Is A Great Place To Re-Enter RGTI
#stocks #trader #stocktrader #liquidity #liquiditytrader
Trading Fam,
Recently, we took a healthy 70%+ profit off the top of our RGTI trade. I exited 50% of my position. The goal was to let it cool off and then re-enter at the appropriate time/trigger. We’ve reached that point and I have re-entered a good portion of my portfolio back into this trade. Let’s take a look.
Our initial entry on this trade occurred at around $8.60. We are targeting $20. I took half off the top for 70% profit at $14.50. The price has cooled and has come back down today to touch that white ascending trendline. This is a great place to re-enter the trade in my opinion. Though, we could certainly descend further, I’ll take the bet here in hopes that our VRVP Point of Control holds price if we should drop that far. I would then look for a quick bounce in price to bring us back above our trendline. But also, that trendline may be strong enough to hold price for dropping that far. That is why I have chosen to take the re-entry here. I have set my SL at $9.95 and have moved my other trade’s SL up to the same price. The remainder of the details for this trade can be found here:
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