Jump to content

Will Sophos rebound?


PR999

Recommended Posts

Hi,

 

I was just curious about peoples thoughts on Cyber security firm Sophos. Purchased in Jan 18, I've taken a bit hit recently and the downwards momentum looks slightly worrying. Is this a ride the storm or get out now situation....? :smileysad:

 

Thanks

 

Link to comment

Hi .  Good question, no real reason given for the big gap down in early Feb,  http://www.cityam.com/280251/sophos-share-price-plunges-despite-solid-trading-update

 

The chart is trying to turn and today's bar is encouraging and looking to be engulfing but price still has a lot of work to do with two levels of resistance to work through and could reverse again at either. The chart is currently bearish after all.

 

The bigger test is at the arrow where there is solid resistance as well as the 100 ma to contend with.

 

Watch the daily bars, if price reverses again here I would just get out, if price takes this level (473.6) get a stop behind it as soon as possible and if price continues up think to move the stop up to behind the next resistance level as you go, they are important levels and you don't want to see them breached to the down side again.

 

If you entered in early Jan that would have been a fair dip buying entry though a stop loss just below would have been advisable.

If you bought late Jan that would have been a fair breakout entry though again a stop loss not far from the breakout level in case you were wrong would also have been advisable.

 

Sometimes it takes a couple of goes to get the entry right but if the initial stops are relatively tight then no real harm done but this one got away from you due to that unexplained gap.

 

Sophos Limited_20180321_13.17.png

 

 

 

 

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      21,180
    • Total Posts
      90,704
    • Total Members
      41,294
    • Most Online
      7,522
      10/06/21 20:53

    Newest Member
    Shymammonite
    Joined 30/01/23 06:47
  • Posts

    • Maximize Your Stock Market Returns: Latest News on SP500, Top Tech Stocks with Elliott Wave Analysis and Trading Strategies Stay Ahead of the Stock Market with the Latest News and Analysis on SP500, Top Tech Stocks, US ETF Sectors and Trading Strategies. Get up-to-date insights on the bullish weekly cycle, Elliott wave analysis and profitable trading opportunities in the finance sector with top companies like Apple, Tesla, Amazon, Microsoft, JPMorgan and more. Stock Market Content: SP500, AAPL, AMZN, NVDA, TSLA, GOOGL, BRK.B, SQ, META, NFLX, ENPH, MSFT, BAC, JPM. US ETF Sectors. Elliott Wave Analysis US Stocks News: Apple (AAPL),Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft MSFT, Berkshire Hathaway (BRK/B), Block, Inc (SQ), Meta Platforms, Netflix (NFLX), Enphase (ENPH), Alphabet GOOGL. XFL Finance Sector ETF, JPMorgan JPM & Bank of America BAC, Goldman Sachs Group Inc (GS) Stock Market Summary TradingLounge Bullish Weekly Cycle in play, Bullish Monday Profit Taking Tuesday Elliott Wave Analysis: (iii) of iii) of 3 Trading Strategies: Long Video Chapters 00:00 SP500 04:45 Apple (AAPL) 08:01 Amazon (AMZN) 11:00 NVIDIA (NVDA) 11:34 Meta Platforms (META) 17:47 Netflix (NFLX)  18:59 Enphase (ENPH) 22:04 Tesla (TSLA) 24:06 Alphabet (GOOGL)  29:16 Microsoft (MSFT) 34:52 Berkshire Hathaway (BRK.B) 35:56 Block Inc. (SQ)  37:28 Bank of America BAC 25:22 TRIAL Buy 1 Month Get 3 Months  Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge com  
    • Does anybody know the BIL (SPDR Bloomberg 1-3 Month T-Bill ETF) equivalent with a GBP currency hedge? I want the interest yield but I don't want the currency risk.
    • Capital, win loss ratio. If you have a trading edge and you can consistently win 50% of your trades, so your winning 5 trades out of 10. So if your risking 1% of your capital per trade, out of your 10 trades 5 would be losers, so that’s 5% loss and realistically out of the 5 winning trades, some would make small profits, some break even and 1, 2 or 3 could run nicely IF you can let your profits run, basically your making money out of 2 trades out of the 10 trades (80/20 Rule Pareto principle) So a $20,000 acct risking 1% is $200 per trade, this will keep the trader with his trade risk based on being able to win 50% of his trades. A long term trend trader can win with 30% wining trade. Basically you need to know your numbers. Rgds Pete
×
×
  • Create New...