One thing we should keep in mind is the stock's location. We could have a quick first bullish entry above 254.00/252.00 up to 258.00. It depends on where it is in the pre-market. If it is near the 258.00 pre-market zone, it could encounter rejection. We only enter bullish above 260.00/262.00.
Our bearish entry should be below 250.00/248.00. Stops should be above the VWAP if it is bearish, or below it if it is bullish.
Our bearish entry should be below 250.00/248.00. Stops should be above the VWAP if it is bearish, or below it if it is bullish.
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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.