DJT bounce @ $28.15 to $38.28MODs 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.
Bonus if a TTM Squeeze in in play.
I hold until target is reached or end of year, when I can book a loss.
So...
Here's why I'm picking this symbol to do the thing.
IF price reaches $28.15... (set your limit order)
DJT would be at bottom of 3 channels (period 52 39 & 26) sloping upward
Stochastic Momentum Index (SMI) near oversold level
VBSM remains positive
Price at near Fibonacci level of 0.382
In at $28.15
Target is $38.28 or channel top
Stop loss is $27.15
price COULD drop to $20 (52 period channel) or $6.50 (100 period channel), if there's no bounce