~39-46 moderate support levels. Id expect strong support at the Gap down at $33. Look for entry positions at these retest levels. Exit a portion of your position (30%) at around $68. Hold the remaining 70% for higher levels of resistance. Set your stop loss safely below $33 to maintain your position if the idea is invalidated. If the idea is valid and $33-46 holds, expect new highs.
Note
I always like to wait for for the first touch, followed by a second touch (re-test) of support levels before making a long entry. Your position may fluctuate a little based on the actual price action that plays out.
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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.