Big Commerce update: Breakout in progress


I first talked about taking a long position and accumulating Big Commerce on September 29, with the initial add on Sep 23. you can read more on the original post below

The stock has behaved well since then, moving above the resistance level at
$85. Current price is $95 and we expect that it will hit the initial $100 target in the short term.

Updated plan:

  1. Updated target is 120 on the $100 break.
  2. Traders: If you are up 15-20%, you can trim and trail.
  3. Investors: Continue to hold and look for dips back to $85 to add.

Trade wisely,