SPOT - 4.05% Profit Potential - Support Corridor Breakout
Updated
This week we need to play conservative and take home whatever we can. Targets are moderate and realistic, and I aim to close positions fast, often before the end of the day.
Allocate less than usual capital if you would like an extra layer of safety. The market is uncertain and we want to keep our risk to the minimum.
- Breakout past a 3-month correction
- RSI + Stoch below 50
- MACD below Signal
Suggested Entry $237.80
Suggested Stop Loss $240.64
Target price $228.19
About me
- August P/L: +203.83% | Wins 85.19% | No Trades without Analysis
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
Allocate less than usual capital if you would like an extra layer of safety. The market is uncertain and we want to keep our risk to the minimum.
- Breakout past a 3-month correction
- RSI + Stoch below 50
- MACD below Signal
Suggested Entry $237.80
Suggested Stop Loss $240.64
Target price $228.19
About me
- August P/L: +203.83% | Wins 85.19% | No Trades without Analysis
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
Note
Keep an eye on price movement at the opening. This might never trigger and it serves as an option in case the market decides to sell-off today.Order cancelled
Note
I had considered this morning re-attempting entering this short. In the end, I didn't and I left some money on the table.However, a good informative chart, that can illustrate how I need to play the overvalued Nasdaq players if they decide to go back to planet earth.
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