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Spotshort

$SPOT New Lazy Elliott Fibonacci PlotIt has been months since I last plotted this and it exceeded expectations. Initial assumption on the left retracement is that the subwave impulse is complete and is doing a long correction. Good base so far. Take note of the following: >It can rally until the 100% of the right retracement if the overall market sentiment is positive. >Otherwise, expect the stock to do another leg down at least near the 38.2% level. >Probably an ongoing major Wave 2. Good luck!
NYSE:SPOT
by thetradingcomedy
SPOT - 4.05% Profit Potential - Support Corridor BreakoutThis week we need to play conservative and take home whatever we can. Targets are moderate and realistic, and I aim to close positions fast, often before the end of the day. Allocate less than usual capital if you would like an extra layer of safety. The market is uncertain and we want to keep our risk to the minimum. - Breakout past a 3-month correction - RSI + Stoch below 50 - MACD below Signal Suggested Entry $237.80 Suggested Stop Loss $240.64 Target price $228.19 About me - August P/L: +203.83% | Wins 85.19% | No Trades without Analysis - Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
NYSE:SPOTShort
by maschera