Trend Y/Y Propulsion No Vscore Yes Vprofile Yes RAF Not at Extreme Darvas Yes Darvas 3.0 Yes
Entry 40.2 Minor Low Breakout. Look for improvement on breakout pullback. Profit/Breakeven 39.2 50% Fib retracement and Volume resistance. Stop Loss 25% Stop Loss
Option 19May23 40 Puts
BAX had been in a solid R/R downtrend and pulled back to the WAVE last week. Trend has started to become sideways, but the past trend is very strong.
I have solid RAF/Vscore/Vprofile signals and signs that momentum will resume.
Bot 2 19May23 40Puts @ $2.00 today on the break below 40.20.
Trade closed: stop reached
⋅
Stopped out on the trend change.
Weekly is has a strong downtrend. May be a long term short after the Daily resolves this move.
Still like the trade setup - And the current move to the Vscore = 0 with extreme RAF reading. Look for the move lower.