The bulls in the premarket session appeared as anticipated, and it makes sense to improve the open position's risk-reward ratio - please see trading position section for the details. After all, the trade makes sense only as long as the bulls are showing up in force.
Trading position (short-term; our opinion): long positions with stop-loss at 2625 and the binding take-profit at 2750 are justified from the risk/reward perspective.
Thank you.
Monica Kingsley
Stock Trading Strategist
Sunshine Profits - Effective Investments through Diligence and Care
