From Left to Right 2008 highs
Major resistance line around 19.60 or 20.00
(Red Arrows) Resistance becomes Support
Dear Reader
Do not conceptualize this idea.
For that you need to train your eyes for many years, make mistakes for many years.
and thus eliminate thoughts from your mind.
Mushin
en.wikipedia.org(mental_state)
I'm anticipating a break of this Ascending Wedge in the near future, to the downside target of 16.00 & 13.00.
We could see some fluctuations whilst prices are breaking our key level at 20.00.
HOWEVER.
A break of this level will add further confirmation that my targets are both realistic and probable.
Volume: 8.008M
EPS: 1.28
Market Cap: 22.656B
P/E: 17.00
Div...
Price is broke out of ascending 2017 resistance, but has seen some slowing in momentum.
It could consolidate here and prepare for another upward move or it could pullback.
Mr. Market tells me to short for the pullback yet again.
Stop at 22.00
Target at 20.84
KEY is showing a pretty well measured bearish crab and has an internal AB=CD on the last leg. It's also showing a little divergence on the MACD. Overall, I believe momentum is beginning to shift downwards, so snatch up some of those January just OTM puts.
We have a nice entry here, and a nice risk/reward as well.
Eventough I set my personal take profit to only 19.50 (as it is more realistic) it still is more than 1.20 per share of winnings.
Just wanted to let you know about this one =)
Trade safe and only swim where its not too deep ;-)
-ER today. ER was good if you ask me...but has faced a large sell off....
-My trade plan was to sell once it broke the price action trend line and or the RSI trend line.... Well both happened today... very aggressive thou when it happened however. Was hard to just say "sell" because they were breaking down so hard.
-I did not specify whether to sell intraday on...
Volume was good and had to days of break out. I entered at 18.60
Been kinda stale since then. But having patience. I should have used the gap and go strategy this morning and bought at the first green bar on the 5 minute after the first red bar.
Stop loss at 18.30
Let me know your thoughts people.
My questions: When should you enter on the intraday? And...
Hey traders, here's one for next week. Looks as though we have a breakout commencing on KEY. I want to be long above 18.80 with a stop below 18.36. Cheers!
