LTCMYR 22 Feb 2021 Trade +101% Return

REASONS FOR TRADE:

LTCMYR was in an uptrend with its 50-day MA angling up and was testing its resistance became support zone at 755-783.

See LTCMYR daily chart below.

LTCMYR Daily chart

ENTRY:

Bought on 22 Feb 2021 at 750 when LTCMYR tested its 755-783 support zone.

EXIT:

Sold on 07 May 2021 initially with a limit order at 1,504 then a stop limit order which was triggered at 1,530 after an inverted hammer candle was formed the previous day. Overall I sold at an average price of 1,515.53.

TRADE RESULT:

The trade took more than 2 months to complete returning about +101%.

Disclaimer:

Trading and investment involves risk, including possible loss of principal and other losses. I shall not be responsible for any losses or loss profit resulting from trading or investment decision based on my posting and any information presented in this blog.