FB broke the cloud to the upside using the 5 minute bar, so I bought 1000 shares of stock at $56.45. I had a stop loss of $1000 at $55.45 with Targets up every $1.00. This was a good set-up. because it all fields:
1. Price Breaks Cloud to Upside
2. Lagging Indicator Above Cloud
3. Trading Above 9 and 26 Period Moving Average
4. Future Cloud is Bullish
I have hit 3 Targets and up $815 so far
1. Price Breaks Cloud to Upside
2. Lagging Indicator Above Cloud
3. Trading Above 9 and 26 Period Moving Average
4. Future Cloud is Bullish
I have hit 3 Targets and up $815 so far
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.