VSCO is up 11% since 01/24/2024 after moving out of a longer-term bullish retracement. The price action has remained strong, triggering the sale of the first half of our VSCO inventory at $27.00 flat - If the DXY continues to leg lower we could see another definitive risk on period in equities, theoretically giving VSCO the catalysts to achieve our target 2 profit level of $29.59/share before reaching parabolic phase.
I'm writing this 1/31/2024 - 4 hours prior to the FOMC, If the price action trades flat on the day (1/31/2024) and opens lower on 2/1/2024 we will consider managing that risk of reversal and potentially close out the rest of our VSCO inventory in the money before surrendering any unrealized gains.
( NONE of the information in this post should be construed as investment advice )
Note
We are currently HOLDING our remaining inventory in VSCO as of 2/1/2024Trade closed manually
We have manually liquidated our remaining inventory in VSCO in the money at $26.31 on 02/06/2024
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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.