The bounce happens right at the uptrend line. Like a perfect orchestrated maneuver, price bounces on cue.
Take a look at the daily chart below and you know what I mean.
Notice how the fast stochastics line below begin to turn up.
Remember, just because I sold out my position for small losses doesn’t mean I’m not watching it anymore. You see, by cutting my small losses earlier, I get to buy $IMUC back on a cheap in the right place with a good risk/reward ratio. This is what swing trade is all about. Of course, it won’t work like this all the times but it will work enough that you know cutting losses earlier is the way to go.
And yes, this bounce has yet to prove itself; but I like it here better than when I was holding it from high up.
My 2 cents