LOOMIS - Trade oppurtunity
*** LOOMIS ***
1. Buy order in on OPEN tomorrow.
2. TP (close above 5sma daily)
3. SL Same as above.
Positives:
-Strong uptrend, trading above 200sma on days.
-Short significant retrace, giving us an entry opportunity for trend continuation for the short run. Somewhere in the 2-5% profit area.
Negatives:
-Not the best quarterly report delivered for q1 2021 7 q1 2020
Keep updating the trade as we go.
1. Buy order in on OPEN tomorrow.
2. TP (close above 5sma daily)
3. SL Same as above.
Positives:
-Strong uptrend, trading above 200sma on days.
-Short significant retrace, giving us an entry opportunity for trend continuation for the short run. Somewhere in the 2-5% profit area.
Negatives:
-Not the best quarterly report delivered for q1 2021 7 q1 2020
Keep updating the trade as we go.
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