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. (4HR chart) Price at bottom channels (period 100 52 39 & 26) Stochastic Momentum Index (SMI) near oversold level VBSM is spiked negative Price at near 3.618 Fibonacci level In at $158.8 Target is $163 or channel top Stop loss is $157
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