Swing trade idea, long.
My entry is STOP LIMIT 136.30. The trade triggered already, but if it should gap down Monday I don't want to limit buy. I'd rather wait and pay another penny.
The last swing high has two wicks @ $140.00. I don't like that, or the fact that it's a even number.
Depending on the market, I'll move my stop to break even (or better) once / if we get to $138.69.
The market ended high Friday so I might get gapped over and skipped anyway. If so I'l cancel the order.
My entry is STOP LIMIT 136.30. The trade triggered already, but if it should gap down Monday I don't want to limit buy. I'd rather wait and pay another penny.
The last swing high has two wicks @ $140.00. I don't like that, or the fact that it's a even number.
Depending on the market, I'll move my stop to break even (or better) once / if we get to $138.69.
The market ended high Friday so I might get gapped over and skipped anyway. If so I'l cancel the order.
Comment:
Note: There is a downtrend line from the weekly chart. I'll want to be out before reaching it.