Generally the wedge struggled through the whole of 2017 to breakout, and it finally did to the upside. To me, here late longs are getting trapped and the stock could have a reversal from their exit selling pressure & entering shorts. Let's see if I entered a bear trap or this is indeed a devil's advocate move; I could be totally wrong. Do as you may now Mr. Market. Stop at 16.85 Target at 16.00
Trade geschlossen: Stop wurde erreicht
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So I got sucked into a bear trap. No big deal at all, but I will still be going to watch price for a subsequent indication of a good entry level for me. On to the next one.