ILM is an inverted liquidity model. Sweep of lows and a displacing attempt at a V-shape recovery. It up to the buyers now to take us where we should go with Fridays bullish Powell momentum that we got at 10am.
Daily candle has inverted the bearish candle from last week and reclaimed the 200EMA
Easy stop loss defined for you on this one. Closures under $127 the bounce or just hold it long term. Up to you.
I'm holding shares around this average and just entered a few call options so I will play the options off how these daily candles close.
Take profits can be anywhere inside of the bearish gap, or simply hold for some higher numbers. This is one of the bigger tech companys so I don't see it as a bad investment or long term hold. It's stuck in a massive range here on the weekly chart in this consolidation it's sitting in.
Now obviously Nasdaq needs to continue its uptrend for this play to work which I believe we will come close to testing or breaking through all time highs this week on the QQQ.
We shall see.
Daily candle has inverted the bearish candle from last week and reclaimed the 200EMA
Easy stop loss defined for you on this one. Closures under $127 the bounce or just hold it long term. Up to you.
I'm holding shares around this average and just entered a few call options so I will play the options off how these daily candles close.
Take profits can be anywhere inside of the bearish gap, or simply hold for some higher numbers. This is one of the bigger tech companys so I don't see it as a bad investment or long term hold. It's stuck in a massive range here on the weekly chart in this consolidation it's sitting in.
Now obviously Nasdaq needs to continue its uptrend for this play to work which I believe we will come close to testing or breaking through all time highs this week on the QQQ.
We shall see.
Trade active
Holy shit what a rollercoaster trade. Was up 60% on options before NVDA earnings and a week later was down 80% and about to close. Held true to my stop loass and we got a massive move today. Im selling 80% of my position since these are now up over 140%!!! GGTrade closed: target reached
Banger trade, TP hit for shares and options
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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.