UBER to $77
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 at or near bottom channels (period 100 52 39 & 26)
Stochastic Momentum Index (SMI) at oversold level
VBSM is spiked negative
Price at or near Fibonacci level
In at $68
Target is $77.50 or channel top
Stop loss is $66
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 at or near bottom channels (period 100 52 39 & 26)
Stochastic Momentum Index (SMI) at oversold level
VBSM is spiked negative
Price at or near Fibonacci level
In at $68
Target is $77.50 or channel top
Stop loss is $66
Note
Just bought $75 calls exp 11/22 for $0.05
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.