G/G trend that found resistance at Vscore and support @ 200MA.
SMH sector is G/G trend. Also found support @ L1=L2 down moves.
Vscore support, Darvas 3.0. RAF is below extremes, so this is a minor low breakout trade.
Buy on breakout of 79.70
Move stop to B/E @ 81.90
First Profit @ 83.50 - Based on Volume Profile resistance.
25% stop Loss
21APR23 80 Calls - Might be too expensive > $5.
SMH sector is G/G trend. Also found support @ L1=L2 down moves.
Vscore support, Darvas 3.0. RAF is below extremes, so this is a minor low breakout trade.
Buy on breakout of 79.70
Move stop to B/E @ 81.90
First Profit @ 83.50 - Based on Volume Profile resistance.
25% stop Loss
21APR23 80 Calls - Might be too expensive > $5.
Order cancelled
Prices have pulled back with the market.Trend has gone sideways Y/Y and was not supported by the 200 propulsion.
I'm going to wait this one out for more support before entering.
Substack - The Bandito Review
@egrajek
@egrajek
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Substack - The Bandito Review
@egrajek
@egrajek
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.