CELESTIA (TIA) - Anticipating an Upsurge

Updated
Conditions are favorable for taking a long position at these lows. The weekly candle should close within this price range to provide more confidence in holding a swing trade.

The price action supports the idea of going long since it has reacted to August's low and shows a change in character following the significant drop from $6.15.

I am targeting $5, but if conditions improve beyond expectations, I will aim for the previous high of $6.15.

Long TTIA
Trade active
Up 9%. Nothing extraordinary.

I’m taking some profits here and letting a significant portion continue toward the next target.

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Trade closed manually
Enough with this one. +20%

It appears there is some weakness across the market as we approach the weekly close. I will wait until after the FOMC meeting to re-enter most positions.

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Note
Second target hit.

I exited manually before reaching it, but it should be a great opportunity to take more off the table if you followed the plan.

Overall, TTIA reaction has been strong, especially since everything else is moving slowly.


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Note
Time to make another post. This one performed better than expected. If it starts reclaiming this level, it could be time to fully embrace the possibility of a reversal and new highs.

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