05/10/23
Our target hit yesterday, and I hope you were on board to reap the benefits.
“But Corey, I missed your perfectly-timed email and didn’t get in on this winner, what do I do?”
Luckily for you, I have an idea for a “re-up” on Windtree Therapeutics, Inc. (WINT):
We’re sticking to the hourly chart just like Monday.
With the first target hitting, WINT needs a breather.
How much of a breather is the question…
Simply put, I’d buy anywhere from $1.61 to $1.69…
Using the Fibonacci Retracement on the candlestick bodies, I like this range as it sits within the 50-78.6% levels.
That, and it covers the naked breakout candle.
It’s a narrow buy zone, sure. But we’re talking about a ticker with wild volatility and little room for error.
That’s part of the game when trading high reward stocks…
Keep the risk low and stay disciplined.
The “CAUTION: BEARS CROSSING” sign would be if the stock begins trading under $1.60 with bearish momentum…
Not a bad place for a stop.
If the momentum carries, the next target is $1.99 (100% extension on the Fibonacci!).
Anything above this is icing on the cake…
This material is not an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Any performance results discussed herein represent past performance, not a guarantee of future performance, and are not indicative of any specific investment. Due to the timing of information presented, investment performance may be adjusted after the publication of this report. There can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this communication will be profitable, equal any corresponding indicated historical performance levels or be suitable for your portfolio.
