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Entry in the stock at 38.87. Initial stop at 31.50.
There has been a considerable increase in demand, represented by high volume starting from 02/26/2025. The first demand movement was to prevent the continuation of the price decline. The second movement occurs the following day with the breakouts of the Daily Heiken Ashi, the 1-month Exponential Moving Average, and, later, today, the downtrend line with peaks on 11/25/2024 and 02/18/2025.
https://x.com/Mordredis/status/1896603170161443286
One objection to this entry is that I prefer entries respecting breakouts of the 1-month, 3-month, and 1-year Donchian Channels, which is not the case yet for all of them. I maintained the entry due to the volume and demand in this current price range.
What do you think?
Entry in the stock at 38.87. Initial stop at 31.50.
There has been a considerable increase in demand, represented by high volume starting from 02/26/2025. The first demand movement was to prevent the continuation of the price decline. The second movement occurs the following day with the breakouts of the Daily Heiken Ashi, the 1-month Exponential Moving Average, and, later, today, the downtrend line with peaks on 11/25/2024 and 02/18/2025.
https://x.com/Mordredis/status/1896603170161443286
One objection to this entry is that I prefer entries respecting breakouts of the 1-month, 3-month, and 1-year Donchian Channels, which is not the case yet for all of them. I maintained the entry due to the volume and demand in this current price range.
What do you think?
Trade active
$LMMD - Few Doubts
My entry at 38.87 on 03/03/2025 was based on the aforementioned breakouts of the 3-month moving average and the downtrend line that had been in place since 11/25/2024, along with the high vertical volume on that date and its position in the horizontal volume range.
However, it turned out to be a false breakout that faded, taking advantage of the macro scenario, which forced me to be more generous with the stop, something I only do as an exception in situations like that week.
Despite that, the asset remained in the horizontal volume range, and on 03/17/2025, it closed with new breakouts of the 3-month simple moving average and the trend line mentioned, renewing expectations for confirming the new uptrend.
Doubts? Always, as I'm not a fortune teller. But, as always, one side of the die will always land face up, and we can measure this possibility with risk management and probabilities.
Note
$LMMD - Confirmation of the 3M SMAToday's rise will confirm the breakout of the 3-month simple moving average and the downtrend line that had been in place since 11/25/2024.
The horizontal volume since the beginning of the last expansion on 10/25/2024 is concentrated between 32.50 and 39.44, accounting for 47% of the total period.
Analyzing the vertical volume, the period from 02/25/2025 to 02/28/2024 was elevated to ensure the discontinuation of the price decline.
The next movements will be surpassing the monthly Heiken Ashi high and breaking the top of the 3-month Donchian channel. With this scenario, the price should rise to the last high of 53.72 and beyond.
Trade closed: stop reached
LMND - 🔹 Wrong Entry and StopAs long as the S&P 500 remains below the 🔹 3-month simple moving average, I prefer to 🔹 lock in gains or set tighter stops. In this case, the entry wasn't validated by the standards I use, and I admit I entered based on the expectation from the volume strength in the region where I bought, combined with false breakouts of the 🔹 3-month simple moving average and the 🔹 downtrend line. The trade was interrupted by a sharp price drop.
🔹 Trade Details:
🔹 Entry: $38.87 on 03/03/2025
🔹 Exit: $33.21 on 03/27/2025
🔹 Loss: -14.56%
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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.