Top 5 Weekly Trade Ideas #2 - SNOW Breakout
I posted a similar idea last week for SNOW, but after seeing it this week I think it deserves a spot on the top 5 list. Just had a nice bounce after retesting the $166.50 area. Still riding momentum off the massive earnings move. On top of that it has reclaimed a trendline from the recent high.
First upside target is $176 and then up to the recent high around $187. I think this chart is too bullish to short, but if it does break below the trendline it could see $166.50 again relatively quickly. I think it's good for a long in this area and if you miss it, could be a good long on a break and retest of $176.
First upside target is $176 and then up to the recent high around $187. I think this chart is too bullish to short, but if it does break below the trendline it could see $166.50 again relatively quickly. I think it's good for a long in this area and if you miss it, could be a good long on a break and retest of $176.
Anulowano zlecenie
No longer interested in longs on this. It did bounce right at the top of the gap but since the market turned bearish I'm not looking for longs until it improves.
You reap what you sow.
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Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
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You reap what you sow.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
Powiązane publikacje
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.