LOOMIS - Trade oppurtunity
*** LOOMIS ***
1. Buy order in on OPEN tomorrow.
2. TP (close above 5sma daily)
3. SL Same as above.
Positives:
-Strong uptrend, trading above 200sma on days.
-Short significant retrace, giving us an entry opportunity for trend continuation for the short run. Somewhere in the 2-5% profit area.
Negatives:
-Not the best quarterly report delivered for q1 2021 7 q1 2020
Keep updating the trade as we go.
1. Buy order in on OPEN tomorrow.
2. TP (close above 5sma daily)
3. SL Same as above.
Positives:
-Strong uptrend, trading above 200sma on days.
-Short significant retrace, giving us an entry opportunity for trend continuation for the short run. Somewhere in the 2-5% profit area.
Negatives:
-Not the best quarterly report delivered for q1 2021 7 q1 2020
Keep updating the trade as we go.
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.