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TradingBandito06
Feb 26, 2023 1:17 PM

ITA - Minor Low Breakout Long

iShares U.S. Aerospace & Defense ETFArca

Description

Strong G/G trend in a sector that should continue to benefit from arms sales and production.

21/34 Propulsion support, Darvas levels, Darvas 3.0 and Vscore support.

Volume support is priced lower. This may end up being a multiple price entry or an entry @ lower prices.

Entry - 115.60 minor low breakout
Profit - 117.20
Stop Loss @ 25%

Options are non-existent around 115, so this would be another stock only trade.

Comment

Did not take, but prices hit 2 profit targets.
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