SMH bounce to $245
Updated
MODs have suggested that I provide more detail about the picks I make.
Sorry. I'm not as verbose as y'all, and I don't like things to be complicated.
My trading plan is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
So...
Here's why I'm picking this symbol to do the thing.
Price at or near all bottom channels (period 100 52 39 & 26)
Stochastic Momentum Index (SMI) at oversold level
VBSM is spiked negative
Price at near 3.618 Fibonacci level
In at $240.55
Target is $245 or channel top
Stop loss is manual
Sorry. I'm not as verbose as y'all, and I don't like things to be complicated.
My trading plan is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
So...
Here's why I'm picking this symbol to do the thing.
Price at or near all bottom channels (period 100 52 39 & 26)
Stochastic Momentum Index (SMI) at oversold level
VBSM is spiked negative
Price at near 3.618 Fibonacci level
In at $240.55
Target is $245 or channel top
Stop loss is manual
Trade closed: target reached
WOO HOO! PROFIT!
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.