Yesterday entree long 300 shares at $20.34 with stop loss at $19.65
but 300 shares at 14.28$ with an stop lost at 13.20$ i have full convergency on my indicator, we have a nice up trend. Any constructive feedback is welcome.
With a fibo retracement of 32% this is a good entree point. I but only 300 shares at 35.50$ with an stop lost at 32.00$. My long conditions are: RSI>50, MACD over 0, price > WMA30 convergence signals for a long trade. If the market move up I will add 300 shares more. with the stop at 32$. This is a swing position all my positions are swing only. I Never do day trade.
The Rally is losing power I will sale 50% of my position tomorrow to get my initial investment and moving my stop lost up to 5.50$ capital preservation
At this point I cover my short position in AAPL, because the trend is my friend, there is no trend and I play the money preservation, if the market make an inverted flag my expectation is to short AAPL only if the Price is < than the 20 EMA and breaking the support of 383 but the market is always right. The trend is my friend !!!!