Mobileye Global Inc.Short
MBLY pullback to $15
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 plan is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
So...
Here's why I'm picking this symbol to do the thing.
Price above or at top of channels (period 100 52 39 & 26)
Stochastic Momentum Index (SMI) at overbought level
VBSM extended positive
Price at 1.618 Fibonacci level
In at $17.45
Target is $15 or channel bottom
no stop loss. manual close.
Sorry. I'm not as verbose as y'all, and I don't like things to be complicated.
My trading plan is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
So...
Here's why I'm picking this symbol to do the thing.
Price above or at top of channels (period 100 52 39 & 26)
Stochastic Momentum Index (SMI) at overbought level
VBSM extended positive
Price at 1.618 Fibonacci level
In at $17.45
Target is $15 or channel bottom
no stop loss. manual close.
Trade closed: target reached
Closing position @ 15.11. 13.5% gain.
Price fell to .618 fib retrace.
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