Yes, you guess it right, to long in such a high price looks silly again, but it's really one of the most effective way to join an great uptrend without any significant pull back.
As BA's business keeps on growing, many investment bank start to upgrade it with target price higher than 300.00.
I know clearly how unreliable the target prices can be, but to be bullish and try to participate in a trend is always my trading philosophy.
This is one of the case that I don't really want to use the inside day low as my out,
since 1. 8 ema hasn't caught up the inside day low ; 2. I don't really want to risk only 1% in a trade, should give it a little more room to run.
Therefore, the previous pivot @ 254.07 is good enough for me.
Let's see how it goes!
As BA's business keeps on growing, many investment bank start to upgrade it with target price higher than 300.00.
I know clearly how unreliable the target prices can be, but to be bullish and try to participate in a trend is always my trading philosophy.
This is one of the case that I don't really want to use the inside day low as my out,
since 1. 8 ema hasn't caught up the inside day low ; 2. I don't really want to risk only 1% in a trade, should give it a little more room to run.
Therefore, the previous pivot @ 254.07 is good enough for me.
Let's see how it goes!
Comment:
it didn't break 259.00 and broke the inside day low, the trade canceled
Comment:
still a nice looking movement, not a good trade but a good continuation judgment!