well yeh no idea if you dont have a clue, but any upside should be to the .61 cent area,
so from gap support @ .52- .50 you have 20% upside to the target of around .61 cents.
thats assuming a signal to buy comes from the 50cent area-ish you can work your entry point with a risk/reward >2:1 using those parameters.
but ild be more inclined to wait untill the .61 becomes support and the .75 resistance target is in play, using .575 as a solid stop. that would give me a potential profit > 4:1
that way any short covering of the last 7 days does not trap me before further possible downside.
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Price($) | Vol. | No. |
---|---|---|
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