Speculative long trade. Price is being supported by
- SMA 30 + 50 and EMA 50
- 50% fib retracement
- prior local high
- seasonality is rather bullish in the 1st half of this year
- global situation seems to demand rather the products by LMT
Note
I have lowered the TP as indicated. Not that the ATH doesn't get challenged, but my strategy involves a faster money turnover.Trade closed: target reached
Take profit reached at 488.89 USD
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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.