VTR broke out with a bullish engulfing candle on June 29. I like that breakout because of the engulfing candle, it took back the 40-week MA (White), it broke the downtrend line. VTR was on my radar, but I missed the breakout on the 29th. I did start a ¼ sized position on the 30th on the pullback (in at 47.43). I added again today at $48.08 for a ½ size trade. This may be a little stretched for a new position here, but you may want to put this on your watchlist for any pullback / consolation entry, assuming it aligns with your trading plan. (My idea, your money). If you do wait for a pullback or a consolidation sideways, which may or may not happen, make sure you buy when it starts to move back up. I’ll look to build this to a full position on pullback or consolidation as mentioned. I don’t usually set targets, but I think this can run back to the $52 area before it hits much resistance. All TBD.Ideas, not investing / trading advice. Thanks for looking. Constructive feedback welcome.
Trade closed manually
Closed this out as it continues to consolidate. Took a small loss and closed it @ 47.98. Still high on my watchlist as it's not doing anything wrong. I'm just protecting my P&L. I will look at this next week.
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.
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.