EXEL is offering a compelling setup, trading just above its 50-day moving average — a key technical level that has historically provided strong support. The stock belongs to a high-quality company with solid financials, reinforcing confidence in the broader trend.
With the price stabilizing above this important moving average, a small initial long position looks attractive to participate in potential upside continuation.
Entry Strategy:
Enter a small long position just above the 50-day moving average to align with the resumption of bullish momentum.
Risk Management:
Set a protective stop-loss at $35.30, providing a well-defined risk level should the trade move against us.
Important Note:
Be mindful that earnings are scheduled for May 13th, which could introduce heightened volatility. Consider adjusting position sizing accordingly or tightening risk management ahead of the announcement.
DISCLAIMER : The content and materials featured are for your information and education only and are not attended to address your particular personal requirements. The information does not constitute financial advice or recommendation and should not be considered as such. Risk Management is Your Shield! Always prioritise risk management. It’s your best defence against losses.
With the price stabilizing above this important moving average, a small initial long position looks attractive to participate in potential upside continuation.
Entry Strategy:
Enter a small long position just above the 50-day moving average to align with the resumption of bullish momentum.
Risk Management:
Set a protective stop-loss at $35.30, providing a well-defined risk level should the trade move against us.
Important Note:
Be mindful that earnings are scheduled for May 13th, which could introduce heightened volatility. Consider adjusting position sizing accordingly or tightening risk management ahead of the announcement.
DISCLAIMER : The content and materials featured are for your information and education only and are not attended to address your particular personal requirements. The information does not constitute financial advice or recommendation and should not be considered as such. Risk Management is Your Shield! Always prioritise risk management. It’s your best defence against losses.
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.
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.