AJG: Entry, Volume, Target, Stop
Updated
Entry: with price above 219.23
Volume: with volume greater than 955k
Target: 243.31 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 219.24, 207.22 gets you 2/1 Reward to Risk Ratio.
This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
Volume: with volume greater than 955k
Target: 243.31 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 219.24, 207.22 gets you 2/1 Reward to Risk Ratio.
This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
Note
Because we broke 955k shares traded on June 30th, I consider the need for 955k already met (yes, I missed that when I posted this idea), but if price breaks 219.23 with average or better volume, I would consider starting a position.Note
Extremely unlikely I would take a trade before earnings - so I really it trades sideways for a while longer.Note
I don't know what was said during earnings, but in price manages to get back up over 219.23 with, I may enter.Note
I meant to say back above 219.23 with volume greater than 955k in my previous post. Today we got price, but not volume, so I'm sill watching.Note
Got price and volume, I wouldn't blame anyone for taking this trade. For me, I'll probably let it go until I see the market improve.Trade active
Started a position.Note
Trading sideways on decreasing volume is positive action.Note
Take some off if you entered around 219.Note
Trim your position, don't let a winner turn to a loser.Note
Price closed below the 50SMA today, I may close this position if it comes down much further.Note
Sold 1/3Note
Hard stop set at original entry price.Note
Letting it run.Trade closed: target reached
Idea closed, target reached - for me I'll hold shares until price closes below 50MA.
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