Covid cases increasing expect more schools to close like New York and more business to move back to more online.
Look for candle formation to form at S/R level and then look for entry.
All details on the Chart.
Exit 1/3 target 1
Exit 1/3 target 2
Last 1/3 technical stop under demand level on 30 min chart.
Market must be bullish (going up) to buy any stock.
Stop must be used to manage risk and protect capital.
You can trade the dec 105 Call in replace of the stock.
ALl the details in the chart
Close above 60 min pivot high enter long.
or
Retrace back to Demand level entry long.
Stop below demand level
Target 1 below supply level.
Target 2 Let run.
Look for the entry at the Demand Level where the unfilled Institutional buy orders remain.
The Stop goes below the Demand Level.
Target 1 is before the previous high.
No target 2. Hold for long term and the stop will go below the pivot lows or bases on the Daily chart.
Positives.
Massive relative strength to S&P 500 and Nasdaq. The stock did not sell off...
