My bad Randy but you got it, the stock we brought up few months ago.
I don’t follow the news – I just randomly went through some stocks and saw URBN down almost 8% today.
I see your targets, first wait and see if it breaks below s1.

Oh, it just hit me that you’re probably referring to URBN with all that recent buzz from that Sidney What’sHerName jeans marketing campaign, right? If so, yes & here’s my daily chart with targets. If not, UONEK or another, LMK.

You’d need to be more specific on which ‘Urban’ company…

Not really. GLD still locked in that multi-month sideways trading range that started back in early April, pretty much smack in the middle of the range now.

Waiting to see which was that resolves but with the negative divergences that continue to build on the daily chart…AND… the fact that any new high, any time soon, will be a divergent high, I still favor an ULTIMATE (e.g.- if a breakout above, that breakout will fail) downside resolution from this trading range.

Sorry, had to leave my desk for an appt yesterday & just catching up now. Wish I saw your question earlier as CRWD recently kissed the 200-day EMA a week or so ago, bounced slightly & today kissed both the intersecting 200-day SMA & EMA with an impulsive reversal (off that objective entry) so far today. Plus, a bullish crossover on the daily PPO yesterday,as well as follow-thru today.

The one thing giving me pause from taking it here (besides the fact I missed the opportune entry at the 200’s earlier today) is that CRWD has good support somewhat below the 200’s around 392 that it might want to test soon.

Either way, here’s my chart with support & resistance levels & right now, the stock is in what I call “no man’s land”; smack between (price) support & resistance (but above the 200-day MA’s support).

Depends on the setup/techicals at the time, plus my trading plan. e.g- Sometimes, I feel very confident that nat gas is at or near a major turn, in which case I might use a gradual scale in process… and/or suddenly go to a full position, if I see a compelling reason to do so.

Sometimes, I take very precise, tactical trades such as breakouts of very well-defined bullish or bearish chart patterns on the intraday charts for a swing trade with a precise entry & exit points. In that case, I will typically end up with about a 3:1 R/R with my stop set tactically somewhat below a technical level that I think will mean the breakout will have failed or the trade won’t pan out if taken out. Lots of moving parts, but yes, a 3:1 R/R is probably the best all-around R/R for most swing trades IMO, but again, that varies from trade to trade, even on the same security in different instances.

got off the roller coaster for 3% gain

the right chart