Entry Price: 16.48, 2400
Stop Price: 16.18 / 15.93
Price Target: 18.60
Return $: 5088
Risk $: 720 / 132
Reward/Risk: 7.06 / 3.85
Strategy: Swing, pattern breakout
Reason for trade: Major cup and handle after double bottom on weekly chart, break of inv. h/s on daily chart, bounce from rising major channel line after two tests, break about major resistance line of 16.40 and 200ma.
Actual Sell/Stop out Price: 16.68, I wanted to lock in $400 profit that I earned from this entry and re-enter at 16.27, which I felt through intuition + support + a doji forming would eventually happen. Always good to lock in profits i guess.
Notes: New term learned, January effect, is the more likely than not outperformance in January of underperforming stocks from the previous year.