ncy12

ncy12 Updated 

Buying the breakout. Buy stop at 18.10 As the current range is between 14-18, the target of this breakout should be 22. Note that there is resistance around 20.

ncy12 Updated 

Initiating a starter position as this is a first test of moving average after a breakout. Buy stop at 1610. If the order triggers and turns back down, I will add more below 1500.

ncy12 Updated 

If a security is trading in range, when it breaks out or breaks down, the general target is the height of the range. Looking at the weekly chart of AMEX:SPY , I see that it is no exception. 2018 - 2019 range breakout took it to pre-covid highs. 2020 Covid dip - Range breakout took it to 2021 - 2022 all time highs 2022 bear market - Took two almost...

ncy12 Updated 

NASDAQ:TSLA reached my earlier target As it is at multiple levels of resistance (200 day EMA, 50% retracement of the down trend, previous support at around 220 now acting as resistance etc), I suspect it might retrace some of the up move. Here is my trade Buy March 17 200 put Sell March 17 185 put Sell March 17 180 put You can see the P/L...

ncy12 Updated 

I think there is at least one more leg up for TSLA. 207 is 50% retracement of the current sell off.