U
is a bottom fishing play for me this morning. It has both broken the downtrend line and can be considered an undercut and rally as it undercut the low of March 19 and has risen above it. My stop will be just below that March 19 low of $25.13 Giving me a nice risk reward stop. The chart I am using is the All-In-One LevelUp tool available here on TV. Check it out.
Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
Comment:
I am a little underwater on
U
today. If it cannot stay over todays AVWAP by end of day I may close it out. TBD.
U
today. If it cannot stay over todays AVWAP by end of day I may close it out. TBD.
Trade closed: stop reached:
U
Hit my hard stop entered in the machine. No thinking needed. Back on watchlist. Tough to fight a red tape.
U
Hit my hard stop entered in the machine. No thinking needed. Back on watchlist. Tough to fight a red tape.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.