Chart of the Day MORTA great example of 50% Retracement Levels being significant and Resistance turning into Support to launch a move!
MORT trade ideas
MORT UPDATE YOU CAN ONLY BUY THE STOCK MY APOLOGIESMORT IS AN ETF, ONE WHICH YOU CAN NOT TRADE OPTIONS THE PRICE IS CURRENTLY $24.99 AND ON A DEEP UPWARD TREND I AM BUYING SHARES AS THE HOUSING MARKET IS TAKING OFF IN 2020. I WILL FIND A REAL ESTATE ETF YOU CAN DO OPTIONS ON.
Great risk/reward bottoming playtechnically it looks pretty appealing with a classic smiley-bottoming pattern.
it is also fairly cheap (P/E below 5) which reflects a pretty low sentiment.
key to this setup is the r/r, not necessarily if it works out or not.
and off course, with a lofty target, it doesn't hurt to use a trailing stop system
