TRADER-WANNA-BE

AN.NYS_Swim Trading VZ Breakout_Long

Long
NYSE:AN   AutoNation, Inc
ENTRY: 119.12
SL: 109.38
TP1: 132
TP2: 136

- ADX<20. Would like to be higher.
- RSI>50, <70
- Maintaining well at pivot point "P".
- Entry based on breakout from VZ yesterday.
- Strength meter turned green indicating strength.
- 21 Jul 2021 and 17 Sep 2021 shows high volume green candle and retracement under lower volume which indicates buyers in control.
- 21 Oct 2021 shows high volume green (after earnings result) and currently retracing under lower volume which is a good sign.
- Bounced off 61.8% and then 50% fib level. Uptrend should still be intact.
- Higher highs and lows as well.
- Once go above HVN , it should resume movement upwards.
Trade closed: stop reached: - Closed position at 115.
- Broke below VZ.
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.