Hello friends!
In this idea, I am describing the reasons based on which I am considering trading in one direction or the other.
The resistance level is a mirror image;
The price has been approaching this level for three days;
There is a parabolic rounding before the level;
There is an accumulation of energy before the level for a breakthrough;
The stock looks better than the S&P500;
Yesterday's close was below the level (a good signal).
This idea is for intraday trading. At the time of writing this idea, the pre-market is below the level.
Assuming the price opens below the resistance level of $153.35 and slowly moves towards the level,
I plan to buy on the breakthrough. I have indicated the risk-to-profit ratio.
Target: $156-$157.
Be careful, the market is currently very unstable, only enter from strong levels and with stops!!!
Profit to all!
In this idea, I am describing the reasons based on which I am considering trading in one direction or the other.
The resistance level is a mirror image;
The price has been approaching this level for three days;
There is a parabolic rounding before the level;
There is an accumulation of energy before the level for a breakthrough;
The stock looks better than the S&P500;
Yesterday's close was below the level (a good signal).
This idea is for intraday trading. At the time of writing this idea, the pre-market is below the level.
Assuming the price opens below the resistance level of $153.35 and slowly moves towards the level,
I plan to buy on the breakthrough. I have indicated the risk-to-profit ratio.
Target: $156-$157.
Be careful, the market is currently very unstable, only enter from strong levels and with stops!!!
Profit to all!