MSTR to spike higher, then pullback to $364
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.
Everybody buying stocks like crazy. 10 trading days ago, price was $270. Now nearly $500. My charts say price tops out at $519 area, then falls back to $364.
Price above top of channels (period 100 52 39 & 26)
Stochastic Momentum Index (SMI) at overbought level
VBSM is spiked positive
Price near 4.618 Fibonacci level
In at $518 area
Target is $3640 or channel bottom
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.
Everybody buying stocks like crazy. 10 trading days ago, price was $270. Now nearly $500. My charts say price tops out at $519 area, then falls back to $364.
Price above top of channels (period 100 52 39 & 26)
Stochastic Momentum Index (SMI) at overbought level
VBSM is spiked positive
Price near 4.618 Fibonacci level
In at $518 area
Target is $3640 or channel bottom
Note
CORRECTION
Target is $364 or channel bottom
Note
Got the spike. Got the drop. Keep going!Trade closed: target reached
I'm pulling the plug here with a GREAT gain on this call. WOO HOO!
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