ORCL
Second candidate to buy on Monday.
The stock looks good in the market and just as AMD rose after a strong downfall. The paper gained 3.9$ in two days - quite a good result .
There is a strong mirror resistance level formed by the price gap ahead of us. Naturally, from the first time we failed to overcome this boundary on March 26. Then we tried it again on the 27th.
A false break-up made the shorts' defensive SLs work. As it should be, after the false break-down, the price went down (the price should go up, you can say fair enough, because the SLs of the shorts players have triggered. You will be right and wrong at the same time, I can tell the logic of a false breakout in a separate post if someone interesting).
It is fair to expect another close retest of $50.8 on Monday.
According that we're in "+" at the post-market, this adds to our mathematical expectation.
If the price fixes above the level, I will buy it long.
Guys, if you have any questions - just ask. )
Take care!
Trade active:
...entered into a breakout deal at 50.8 at the bar at 12:26 (M1). Stop for the level of 10 cents. For now RR: 3.4\1.
Hope u're with me!
Hope u're with me!
Trade closed: target reached:
TP 51.24 12:52 M1