ULTA in the buying zone
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 sitting on 52 period channel, below 39& 26, with $330 calling for price come down further.
Buying small position here and doubling if price reaches $330 area.
Price at or near bottom channels (period 100 52 39 & 26)
Stochastic Momentum Index (SMI) at oversold level
VBSM is negative
Price at or near 2.618 Fibonacci level (from 2HR chart)
Target is $100 or channel top bottom
Stop loss is $353 area
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 sitting on 52 period channel, below 39& 26, with $330 calling for price come down further.
Buying small position here and doubling if price reaches $330 area.
Price at or near bottom channels (period 100 52 39 & 26)
Stochastic Momentum Index (SMI) at oversold level
VBSM is negative
Price at or near 2.618 Fibonacci level (from 2HR chart)
Target is $100 or channel top bottom
Stop loss is $353 area
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