BRK.B Entry, Volume, Target, Stop
Entry: with price above 364.63
Volume: with volume greater than 5.4M
Target: 382.41 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 364.64, 355.75 gets you 2/1 Reward to Risk Ratio.
This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
Volume: with volume greater than 5.4M
Target: 382.41 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 364.64, 355.75 gets you 2/1 Reward to Risk Ratio.
This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
Kommentera:
Why not take the trade now? You can, but waiting for price to break the previous high shows conviction from buyers. It increases your odds of having a winner. You can enter now and stop out if the down trend continues, but my preference is to wait for strength and increase my odds of having a winning trade. Good chance this thing continues up another day or two then wham, comes tumbling back to the previous low.
Kommentera:
Not enough volume on the 5th, no entry yet.
Handel aktiv
Kommentera:
Not enough volume to justify an entry - may regret it.
Trade stängt manuellt:
Exited with small loss due to market conditions.
