G/G trend with a pullback after earnings.
Has 3-4 propulsion dots across 13/21/34 propulsion dots.
Vscore area,
RAF just below extremes = Minor low breakout.
The only thing about this price action is I would wish for a larger pullback. The entry here is above 13ema, despite the momentum.
Volume support is lower and starts around 41.30.
I'm going to take a small aggro position if we get a breakout, due to the overall ITA sector strength, but I would like to get a more conservative entry. I would like to enter between the 13 and 21 propulsion dots.
21APR23 42Calls. You could also look at 43 Calls which have more Open Interest.
Entry - $42.10
Profit - $42.95
25% Stop Loss.
Has 3-4 propulsion dots across 13/21/34 propulsion dots.
Vscore area,
RAF just below extremes = Minor low breakout.
The only thing about this price action is I would wish for a larger pullback. The entry here is above 13ema, despite the momentum.
Volume support is lower and starts around 41.30.
I'm going to take a small aggro position if we get a breakout, due to the overall ITA sector strength, but I would like to get a more conservative entry. I would like to enter between the 13 and 21 propulsion dots.
21APR23 42Calls. You could also look at 43 Calls which have more Open Interest.
Entry - $42.10
Profit - $42.95
25% Stop Loss.
Order cancelled
Did not take trade due to Gap and Go on the breakout.Prices accelerated after breakout/big volatility bar.
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.