A little further back on AGY, 2017, this is how i would have treated it Break above res and buy on backtest of 9 ema 22-24 March 17' and there was a beautiful hammer candle that tested the 9 ema for support. I would have made the wick of that candle my stop, about 10-15%. After that, it shot straight through target 1, and you could have taken full or half profit there to free carry. From there I think it was fairly obvious the setup was on the weekly, if you had used two closes below the 9 week ema, which i believe w3 first introduced me to, you could have gotten out with a gain of nearly 800%.
If I indulge myself a bit these are a couple of trades I've made using the same idea. NVQ was good, the only difference is that the price didn't make a nice higher low on the 9 ema but a stop below the prior low is still within the 10-15% risk. 62 fib is likely to get tested and that's 50%, top of the channel is 125%. Ofcourse I'm not fully committed to those levels and if price breaks down before that I will get out. Likely to take full profit at the top of the channel.
Similar concept here on IVZ, but a sticky weekly trendline to break, stop is only 5% and I'm hoping it will extend to the 1.62% fib if it gets going
