The open long trade is going our way, and it makes perfect sense to lock in a better risk-reward ratio for this trade. The chances of success in this trade have simply been better than a coin toss (50%). Please see the updated trade position details below.
Trading position (short-term; our opinion): long positions (100% position size) with stop-loss level at 2565 and the binding take-profit target at 2625 (we're moving it higher directly reflecting the premarket momentum). It means we won't lose money on this trade while the upside potential remains intact.
Thank you.
Monica Kingsley
Stock Trading Strategist
Sunshine Profits - Effective Investments through Diligence and Care