Tuesday, 30 June 2015

Did you trade CPB (NYSE) with me for a $733 profit in 6 days?

I identified a shorting opportunity at the blue oval due to the candlestick patterns and my entry was set $48.28 with a target price of $47.

For this particular trade, I decided to buy back half of my position and secure $289 first as I was unsure if the price would bounce back at the gap. I will discuss more about the significance about this gap in future post. However, the other half of my position did hit my target price by the end of the trading day and a total profit of $733 was secured. Stay tuned for more post!

As always, happy trading.



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