I loved LABU's last 18$ run. I'm looking forward to see a 20$ run in the following weeks.
A perfect entry point could come if we tag the trendline again. I'm a little bit afraid that we cannot reach the trendline so most probably I will try to reenter in LABU early next week and if we tag the trendline I will be adding to the position.
RSI is in the ideal territory looks ready to bounce just like in the past.
I set this idea as long but I'm waiting for an entry point next week only.
A perfect entry point could come if we tag the trendline again. I'm a little bit afraid that we cannot reach the trendline so most probably I will try to reenter in LABU early next week and if we tag the trendline I will be adding to the position.
RSI is in the ideal territory looks ready to bounce just like in the past.
I set this idea as long but I'm waiting for an entry point next week only.
Note
It seems we will have an intermediate correction during the following weeks.I plan to close this position once we have a pop : probably Thursday or Friday.
I'm not selling in th is panic stage when the trendline is breaking down.
Note
Still holding the LABU position. This is not just a bounce, the rally is starting again.Disclaimer
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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.