TOST broke out of an Adam & Eve bottom formation on 10 Aug and has since been rather choppy, retesting the neckline support twice.
However, this stock is showing strength relative to the overall market, having already almost doubled from it's May's low @ 12.00.
It is in early days yet, expect some choppiness due to the overall market uncertainties but as long as each pullback is minor (not more than 50% fib retracement of each mini swing up, worst case 61.8% retracement), then it's ok to sit tight (but raise your stops up to just below each pivot).
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
However, this stock is showing strength relative to the overall market, having already almost doubled from it's May's low @ 12.00.
It is in early days yet, expect some choppiness due to the overall market uncertainties but as long as each pullback is minor (not more than 50% fib retracement of each mini swing up, worst case 61.8% retracement), then it's ok to sit tight (but raise your stops up to just below each pivot).
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
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