Market Analysis for Trading on 01/09/2020

Mish Schneider | January 8, 2020

New Let’s give the market a bit more time before we add ***(Always use the 30-minute OR low with fudge before placing stops) Existing Positions: Mylan Labs MYL (ATR .54) Long at 20.66 Sell Stop: 19.84 First Target:  Some resistance at the 50-WMA expected or 21.75-the real target is 22.27 based on risk/reward-so we will go to a no loss stop at 21.65 area or just about 2 ATRs ***Target 1 at 29.15 HIT! GDX

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