When buy price goes above demand zone · InvestCEO with Kyle Henris

When buy price goes above demand zone

I had identified a buy zone in the green area on the attached and set up an alert for when the stock reached that price. Overnight the stock price opened well above my demand zone as well as the top of my sell price so my alert went off. The buy price is a new high for the stock, so I don't have any historical data to base the trade on. I went ahead and executed the buy order and have new stop loss and sell price (all paper trading) but I'm really just flying blind at this point and I know that's not a responsible way to trade. What is the "correct" thing to do in this case?

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