A price action above 102900 supports a bullish trend direction.
Increase long exposure for a break above 108800.
Target price at 117000.
Stop-loss at 95200.
Negate the long posiiton for a break below 102900.
Based on implied volatility, it will take about 180 days to reach the profit target (which I doubt), but let us see if this might be true.
Implied volatility is a measure of the expected magnitude of price fluctuations for a particular share over a certain period. It can be used with an options pricing model to estimate the probability of a share reaching a certain price level by a certain date based on market conditions and assumptions about the share's volatility. However, it's important to note that the accuracy of the model depends on the accuracy of the assumptions made and that share price movements are unpredictable.
Increase long exposure for a break above 108800.
Target price at 117000.
Stop-loss at 95200.
Negate the long posiiton for a break below 102900.
Based on implied volatility, it will take about 180 days to reach the profit target (which I doubt), but let us see if this might be true.
Implied volatility is a measure of the expected magnitude of price fluctuations for a particular share over a certain period. It can be used with an options pricing model to estimate the probability of a share reaching a certain price level by a certain date based on market conditions and assumptions about the share's volatility. However, it's important to note that the accuracy of the model depends on the accuracy of the assumptions made and that share price movements are unpredictable.