The X long, which was added as both an active long trade and a long-term trade idea (investment) back on June 19th has hit the 2nd target on the 2-day period chart (and is just a hair shy of T1 on the weekly time frame) for a 27% gain from entry. In cleaning up the trade ideas this week, I have decided to make this the final target and would suggest either booking profits or at least raising stops to protect profits.
This trade could very well go on to hit the higher targets so as always, if you are a longer-term trader or investor in this trade, there is nothing wrong with raising your stops and holding out for additional gains as the chart looks like X may be in the process of pounding out (or even just completed) a base for the last 6 months or so. However, as an officially completely trade, I will no longer post updates on this trade but feel free to contact me directly for updates on X or any other trade idea, active or closed, that was posted on the site. 2-day and weekly charts on this trade in order as posted below:
