I have a small position from July 11 on regaining all shorter-term MAs in anticipation of a new breakout. It looks as though that may be happening today. See all my notations on the chart. What I like about this is that we have a nice long base lasting about 9 months. The 18 Month AVWAP is now right at the area of resistance and price is over both. The chart shows a higher low which is indicative of an uptrend. Notice the first breakout failed. That has been happening a lot this year. Often the second or third attempt works.
I will be looking to add to my position with any consolidation over the now (hopefully) support area. My stop is close below the 21 EMA (Blue).
Ideas, not investing / trading advice. Constructive feedback always welcome. Thanks for looking. Hope it helps.
I will be looking to add to my position with any consolidation over the now (hopefully) support area. My stop is close below the 21 EMA (Blue).
Ideas, not investing / trading advice. Constructive feedback always welcome. Thanks for looking. Hope it helps.
Trade closed manually
Closed this for a breakeven trade. I'll let this consolidate a bit. Still high on my watchlist. And it's not doing anything wrong. Just protecting P&L. I'll look at this again next week.
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I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
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.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
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.