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RAD Stopped Out for a 7% Loss

Following a false breakout/whipsaw buy signal with RAD (Rite Aid Corp) very briefly popping above both the price channel & the 3.79 resistance level, RAD reversed & hit the suggested stop of any move below 3.55 for a 6.6% loss. RAD will remain on watch for another possible swing trade but this recent trade will now be moved to the Completed Trades category. Previous & updated daily charts:

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Jun 7, 2017 2:44pm|Categories: Completed Trades - Long|Tags: |2 Comments

2 Comments

  1. stock51 June 7, 2017 2:50 pm at 2:50 pm

    Turned out to be a bad trade

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    • rsotc June 7, 2017 4:06 pm at 4:06 pm

      Sure did. Fewer technical events in trading are more bearish than a failed breakout.

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