Im long MOS since lower, it flashed a weekly trendsignal now, I would say invalidation for this Idea is below 30.41$, that would be a conservative stop, as almost Im watching manually, but I think MOS can trend nicely over upcoming weeks, so I wanted to share.
Good profits to all of you.
Trade closed manually
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I sold my position today, will look to reenter lower if it builds a new mode, daily trend ends, in the weekly is still time, but i prefer to take the profits here, as I think it slows down. Time to search new ideas. You also can stay in and move the stop higher, if you like to.
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Pushing away from the range, i bought back with a tight stop just under the range at 40.26, that allowes me to take a proper position size. Risking not even the profits i made in the last trade in MOS, lets hope for a great continuation in the bigger timeframe!
are you getting back in? was checking march call volume, ridiculous amount of far otm contracts for march (90k at $50, 80k at $60)
TiMMiT
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@devank00, Sorry for not answering so long time! I didnt get back in, but MOS is in a weekly uptrend, since my first trade was really nice and I didnt get the Signal in daily to get in again I let it rest. Daily is choppy lately.
TiMMiT
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I correct my self , there was for sure a Signal, but I didnt played it. Personally I have enough exposure trough other names to the market, was a bit busy and did not post anything, I want to do it more regular soon!
TORNADOF5
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hey , how low it can get you think ?? i didnt enter cus i think it been long very long time with no any pullback , i think it is the time maybe
TiMMiT
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@TORNADOF5, We will just know when it happen, but a reasonable pullback would be to 37.50 area in my eyes, no clue if it gets there, we will observe and find out, if its strong it just hang up here for some days, and this is just my guess, maybe it will just go higher and let us back ;-) It was for me the right feeling to secure some profits here, so lets observe what markets do in coming days! Cheers.
TORNADOF5
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@TiMMiT, yea same , thanks you , have a green week :)
I sold my position today, will look to reenter lower if it builds a new mode, daily trend ends, in the weekly is still time, but i prefer to take the profits here, as I think it slows down. Time to search new ideas. You also can stay in and move the stop higher, if you like to.
TORNADOF5
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hi , what a evil day , i hope we are going up before stop :( .
TiMMiT
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@avi417, hi I hope that as well, added to the position today with the same stop, better entry and a chance that market overreacted - weekly mode hold so far for MOS, still be aware of your position sizing to have less damage if the trade go in the wrong direction - lets see what coming days brings, have a good week.