Reasons for bullish bias: - Price moving in ascending channel - Entry is at 0.382 fib retracement - Safe entry will be above 179.35(HH breakout) - TP till projection
Entry Level(buy limit): 167.47 Stop Loss Level: 146.92 Take Profit Level 1: 188.02 Take Profit Level 2: 200.57
Thanks for the update! I'm assuming you left runners after your TP2 was hit since you moved your SL to BE? I was a surprised at the significant retracement we got so soon. If you do have runners do you have a TP for them?
Thanks! Are you playing options on this? If so, what expiration do you think is reasonable? I had some that expired end of March, but I closed them for a profit on Friday (before the long weekend). My only concern is the seasonality pullback everyone is talking about, but if NDVA beats earnings this week I suspect all semis will get a bump at least in the short term.
TradeWithParas
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@Bluesun_78, Hi! sorry I don't trade options so don't have much info about them. But yes lets see what this week brings
Thanks for sharing your chart. It's marching toward $200. If earnings/guidance this coming week are positive then maybe it will overshoot and touch the 220s... we'll see.
Your T1 hit almost to the tick. Very good call! What do you think of the pullback we had? I’m thinking it was just a retest.
TradeWithParas
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@Bluesun_78, Thanks! I feel like it will fill the previous gap down first till 175 and then will head up but again its a game of probabilities so lets see what the market brings