Entry at $175 or below is fine with all the selling the past four days. $191.19 will be resistance but should easily be taken out on the squeeze. $201 is the next resistance point. I feel this will be the resting spot after the squeeze. The bears are gonna let it go because it works for them. The only choice long have is to surf these waters by opening and closing short-term profitable positions. Stop set for $165.00 and looking to get out in the $200+ area.
Simple trading strategy -- call it trading 101. I have done this twice in the last 30 days, why not one more time for Xmas?
Good luck and happy trading.
Simple trading strategy -- call it trading 101. I have done this twice in the last 30 days, why not one more time for Xmas?
Good luck and happy trading.