INTELLECTReason for the trade: 5 years Resistance turned into support for the price.
Buy at 305-310 range for an excellent entry.
Exit when: Daily close below 275 or 1% of your money with proper position sizing.
Volume is supporting the price as we can see that volume is in the high end in recent times!
Disclaimer: Author may enter in trade so take your own decision. This is an trading idea not an trading or Investment advice.
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Disclaimer
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Related publications
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.