The TRUP (Trupanion Inc.) long trade setup from yesterday’s Swing Trade Ideas video has triggered a long entry on this breakout above the intersecting price & downtrend line resistance. I’ve decided to make T3 & T4 only ‘potential’ targets as this time & depending on how the charts look, if & when the stock approaches the first price target (T1), I might even close it out there due to the currently proximity of the falling 200-day MA’s.
TRUP daily June 26th
I’ve also since added a resistance level (R2) around ~24.46, where a reaction is likely upon the initial tag. As such, that could also be used as an initial price target for anyone looking to take quick profits.