tradepatiently

PAG Entry, Volume, Target, Stop

Long
tradepatiently Aktualisiert   
NYSE:PAG   Penske Automotive Group, Inc.
  • Enter when price clears 155.37
  • With daily volume greater than 550k
  • Target: 178 area
  • Depending on your risk tolerance: 147.87 gets you 3/1 Risk/Reward
Kommentar:
Good earnings, volume on daily increasing, still watching for entry.
Kommentar:
Basing-consolidating-whatever you call it - nicely. Still watching for a good volume breakout to enter on.
Kommentar:
I still like the setup - just being patient. Needs Volume!
Kommentar:
I wanted to take the trade today, but didn't - not enough volume but did get price.
Kommentar:
Not enough buyers (volume) yesterday, pulled right back today. Still waiting for volume.
Kommentar:
Price without volume, I'll let it go without me if I have to.
Kommentar:
Kommentar:
Missed an entry last Friday, decided to hold up on buying today waiting to see where market goes.
Kommentar:
Just not the volume I'd like to see - if you did take the trade congrats - I would expect a pullback and possible another entry opportunity, or opportunity to add to your position.
Kommentar:
You should be at least 1/3 out, or even 1/2.
Kommentar:
I would be 2/3 out.
Trade geschlossen: Ziel wurde erreicht:
Congrats if you took the trade.

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