Please accep my appologies, i have been travellinmg and out of the financial markets, but today i am starting to work again and i will post 1 idea every day that the market is open.
My favorite stock for today is
CSX
, as you can see its gapping down on earnings, we are below of mosts Moving Averages, and i think that if we break 72.30, the 20 EMA on the 5 min chart we have room all the way down to a 2-3 points movement, i will look on for my entry on the break and confirmation of VWAP, the 9EMA and the 20EMA (200SMA on the Daily). Remember to manage your risk and your trade if you enter in it.
Note: This idea is for educational purposes, trade at your own risk.
My favorite stock for today is
CSX
, as you can see its gapping down on earnings, we are below of mosts Moving Averages, and i think that if we break 72.30, the 20 EMA on the 5 min chart we have room all the way down to a 2-3 points movement, i will look on for my entry on the break and confirmation of VWAP, the 9EMA and the 20EMA (200SMA on the Daily). Remember to manage your risk and your trade if you enter in it. Note: This idea is for educational purposes, trade at your own risk.
Trade active:
I am still in the trade, but i will close it soon.
Trade closed: target reached:
Closed the trade at 70.80, now its extended, if you took this trade, good job!