GM - Minor Low breakout (Aggressive Sideways Trend)
Big move after earnings was capped by Vscore resistance.
Pros: Vscore is at support. 200 propulsion. Volume profile levels. Darvas 3.0.
Cons: RAF @ 50%. XLY sector is below 200prop dots. GM price dipped below 200 prop, but found support.
Entry - $39.35
Profit - Darvas Level - $40.50
25% Stop Loss
21APR23 39 Calls
Pros: Vscore is at support. 200 propulsion. Volume profile levels. Darvas 3.0.
Cons: RAF @ 50%. XLY sector is below 200prop dots. GM price dipped below 200 prop, but found support.
Entry - $39.35
Profit - Darvas Level - $40.50
25% Stop Loss
21APR23 39 Calls
Trade closed: stop reached:
2/27/23 - Entered 2 21APR23 39 Calls @ 2.51.
3/2/23 - Stop Loss @ 1.85 on the big pullback.
Need to get price improvement on the breakouts and I probably still would have been in the trade for the big move.
Trade hit profit target.
3/2/23 - Stop Loss @ 1.85 on the big pullback.
Need to get price improvement on the breakouts and I probably still would have been in the trade for the big move.
Trade hit profit target.