Entry: with price above 480.88
Volume: with volume greater than 77.2M
Target: 520.29 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 480.89, 461.22 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 77.2M
Target: 520.29 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 480.89, 461.22 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:
If you are tempted to enter early, don't be. Price without volume or volume without price is a bad combination. Wait for price to break above 480.88 with volume greater than 77M. If that doesn't happen, find another stock to trade or wait for a better opportunity on this one.
Kommentera:
Trading sideways on no volume - no buyers, but also no sellers. Price breaks above 480.88 with volume above 77.2M and I'm in. Until then, I wait.
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