I am long
NET
with a half-sized position. I am anticipating a move above both the horizontal area of resistance and the downward sloping trendline. Looks to me to be a do or die here. The most positive thing on the chart IMO is the move over the upward sloping 40 Week MA. That will also serve as my stop area. See chart for thought process.
Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
NET
with a half-sized position. I am anticipating a move above both the horizontal area of resistance and the downward sloping trendline. Looks to me to be a do or die here. The most positive thing on the chart IMO is the move over the upward sloping 40 Week MA. That will also serve as my stop area. See chart for thought process. Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
Trade closed manually:
I closed this this morning for a very small gain. Still high on my watchlist. It may need to consolidate here a little before making it's move. All TBD.
Comment:
I think this may be a healthy consolidation around this "Do or Die" area. This is still high on my watchlist but may take a few days to make a solid move one way or the other. I lean long.
Comment:
NET
making a nice move today. I have a 1/2 size position. It's been choppy for awhile. I am hoping to be able to build this out to a full size position. If over $68 I think it can move. All TBD.
NET
making a nice move today. I have a 1/2 size position. It's been choppy for awhile. I am hoping to be able to build this out to a full size position. If over $68 I think it can move. All TBD.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.