BUD pulls back to $61
Updated
MODs have suggested that I provide more detail about the picks I make.
Sorry. I'm not as verbose as y'all, and I don't like things to be complicated.
My trading system is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
Bonus if a TTM Squeeze in in play.
I hold until target is reached or end of year, when I can book a loss.
So...
Here's why I'm picking this symbol to do the thing.
Price at top channel
Stochastic Momentum Index (SMI) at overbought level
TTM Squeeze just turned off
TTM Squeeze momentum is at very high level
Price at Fibonacci level
In at $63.50
Downside target is $61
Sorry. I'm not as verbose as y'all, and I don't like things to be complicated.
My trading system is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
Bonus if a TTM Squeeze in in play.
I hold until target is reached or end of year, when I can book a loss.
So...
Here's why I'm picking this symbol to do the thing.
Price at top channel
Stochastic Momentum Index (SMI) at overbought level
TTM Squeeze just turned off
TTM Squeeze momentum is at very high level
Price at Fibonacci level
In at $63.50
Downside target is $61
Trade closed manually
Out at $63.42
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