Entry: with price above 318.68
Volume: with volume greater than 21.7M
Target: 348.11 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 318.69, 304.00 gets you 2/1 Reward to Risk Ratio.
This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
Volume: with volume greater than 21.7M
Target: 348.11 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 318.69, 304.00 gets you 2/1 Reward to Risk Ratio.
This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
Trade active
Comment:
Just noticed on my chart, the pull back marker should have been 50%, not 38%. For me, this is a picture perfect setup. 50% pullback, price rebounded with volume, price trending sideways as volume drops (instead of price dropping along with volume). We see some volume and this stock goes to my target quickly and easily.
Comment:
Trading sideways on decreasing volume - strong imo.
Trade closed: stop reached
