ERX as shown on the daily chart shows a VWAP band breakout into the mean VWAP
from the lower VWAP lines coupled with a rising momentum on the PMO targeting
72 as the YTD pivot high. Given this is a leverage play in the supertrend shift in a
major sector I see this as a low risk moderate reward potential type of trade
I will take this trade long expecting to reap simple modest unrealized profit.
The stop loss is @ 58.6 while the upside is 10%. Please comment if you need
more details or are requesting a call option setup specifics.
x
from the lower VWAP lines coupled with a rising momentum on the PMO targeting
72 as the YTD pivot high. Given this is a leverage play in the supertrend shift in a
major sector I see this as a low risk moderate reward potential type of trade
I will take this trade long expecting to reap simple modest unrealized profit.
The stop loss is @ 58.6 while the upside is 10%. Please comment if you need
more details or are requesting a call option setup specifics.
x
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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.