ORLY Entry, Volume, Target, Stop
Entry: with price above 964.58
Volume: with volume greater than 343k
Target: 1042 area
Stop: Depending on your risk tolerance; 938.80 gets you 3/1 Reward to Risk Ratio.
This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
Volume: with volume greater than 343k
Target: 1042 area
Stop: Depending on your risk tolerance; 938.80 gets you 3/1 Reward to Risk Ratio.
This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
Comment:
Trade active
Comment:
I new it was a risk taking the trade before earnings - I will sell before earnings, win or lose.
Comment:
Sold my shares today. Broke even, will watch for another opportunity after earnings.
Comment:
Re-entry is in the cards, especially if volume stays strong.
Comment:
Looks like earnings didn't fare well after all.
Comment:
Still a valid idea, will consider re-entry if price breaks above 975.72.
Comment:
Trading sideways on decreasing volume - still looks good.
Trade closed: stop reached:
Decided to exit with small loss.