I initiated a swing position at $14.99 in a fundamentally strong, high-yield stock that’s currently trading near a major support zone. The setup aligns with both technical and fundamental factors, making it a compelling trade for swing traders or dividend investors.
Trade Setup:
My Entry: $14.99 (yes I’m a bit early)
Buy Zone: $14.00 – $14.75
Profit Targets:
Target 1: $16.00 (+6.7%)
Target 2: $16.86 (Analyst Target, +12.5%)
Target 3: $18.50 (+23.4%)
Stop-Loss Strategy:
Conservative Stop: $13.50
Aggressive Stop: $13.00
(Risk/reward from current entry is still favorable.)
Risk-Reward Ratio:
Approximately 2.5:1 – a solid setup considering the fundamentals and yield.