Looking at the minute chart it seemed to not really sell off with the rest of the market today. There was strong buying at the resistance point today. Potential for a swing trade here long. I'm setting my stop slightly below resistance.
Comment:
I could have gotten a better entry but my cost average is 9.358. I have my stop loss set for 9.05 to give this a little wiggle room. If it hits that level I'm for sure wrong.
Will likely use recent resistance levels on the daily chart of (roughly) 9.80, 10.40 and 10.80 as exit points for phasing out of the position. If it's strong past 10.80 it's possible it could hit 11.
I also realize yesterdays post I mixed up my words and meant buying at the support point NOT the resistance point.
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Will likely use recent resistance levels on the daily chart of (roughly) 9.80, 10.40 and 10.80 as exit points for phasing out of the position. If it's strong past 10.80 it's possible it could hit 11.
I also realize yesterdays post I mixed up my words and meant buying at the support point NOT the resistance point.