Hello friends!
In this idea, I describe the reasons based on which I consider trading in one direction or another.
Resistance level - reversal;
There is energy accumulation before the level for breakout;
The stock looks better than the S&P500;
Yesterday's close below the level (a good signal);
Parabolic energy accumulation before the level.
The stock looks very good, on the chart we have a two-month parabolic accumulation.
If we analyze only the chart, the stock looks like it has potential for medium-term growth upwards.
But let's not forget about the news from the Federal Reserve System (Fed) on March 22, 2023, where
they will discuss further plans regarding the interest rate. So, if the price opens below the level of $153.35,
I plan to buy on the breakout of this level. If the price opens above the level, then I plan to buy on the price
pullback to the level of $153.35. I will describe 4 targets in case of good execution of my plan, where I will close the deal.
Target №1: $160.00
Target №2: $163.00
Target №3: $170.00
Target №4: $176.00
Despite all the targets, at any moment if I do not like the market, the trade will be closed. Be careful, the market
is very unstable right now, enter only from strong levels and with stops!!!
Wishing everyone profits!
In this idea, I describe the reasons based on which I consider trading in one direction or another.
Resistance level - reversal;
There is energy accumulation before the level for breakout;
The stock looks better than the S&P500;
Yesterday's close below the level (a good signal);
Parabolic energy accumulation before the level.
The stock looks very good, on the chart we have a two-month parabolic accumulation.
If we analyze only the chart, the stock looks like it has potential for medium-term growth upwards.
But let's not forget about the news from the Federal Reserve System (Fed) on March 22, 2023, where
they will discuss further plans regarding the interest rate. So, if the price opens below the level of $153.35,
I plan to buy on the breakout of this level. If the price opens above the level, then I plan to buy on the price
pullback to the level of $153.35. I will describe 4 targets in case of good execution of my plan, where I will close the deal.
Target №1: $160.00
Target №2: $163.00
Target №3: $170.00
Target №4: $176.00
Despite all the targets, at any moment if I do not like the market, the trade will be closed. Be careful, the market
is very unstable right now, enter only from strong levels and with stops!!!
Wishing everyone profits!