F - SWING

 30 MIN

 30MIN

DAILY

Why started swing:

• F found support at the 200dma and takes out prior lower high on relatively big volume
• Getting support from 5, 10, 20 dmas
• Original plan was to get in on break of 14.80..however, i was late to the party and got in at 15 with 1/3 of the position.
• Will look to add on any pullback to breakout area; or on break of subsequent bullish consolidation
• Stop loss: below the low of today's candle 14.38..also getting support from 5, 10, 20 dmas which are all above the stop loss point
• Risk: 62 cents
• Reward: $1
• Not good risk/reward, keeping size smaller at this level or adding more positions averaging down to close to breakout price. We'll see how price will play out