I don't even know this stocks full name, it wasn't really really on my trading list in the morning but I did keep it for back up reasons because it looked like a nice setup. $MXIM didn't have the best downside potential but because the stop was so tight it gave a good return. Take a look at the charts below to see how clean of a setup it gave. $MXIM showed weakness below 28 and couldn't go up, also when it was shorted the markets also were declining and that helped to bring the price low. The only reason I didn't want to trade $MXIM in the morning was because if you look at the daily chart it had tooo tooooo many days down, look at the downtrend so I thought to myself what is the possibility of it going even lower? (not that high) but it actually did. It also gapped into heavy heavy support and $MXIM couldn't really crack the 27.60 area and go lower that is why majority of my position was released in that area.
Enjoy! - great day today!
Right Click Chart, Open in New Tab. Its the same setup but different time frames.
1 Minute Setup:
Here are my Trade Tickets: Note that I was done trading at about 10:36 AM
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