ORLY.NAS_Swim Trading VZ Breakout_Long

NASDAQ:ORLY   O'Reilly Automotive, Inc
ENTRY: 646.32
SL: 620.02
TP1: 672
TP2: 692

- ADX<20. Would like to be higher.
- RSI<50, >30. Prefer it to be above 50.
- Maintaining well at pivot point "P" and at 50% fib. level.
- Strength meter remains green indicating strength.
- RS showing increasing strength.
- 2 long shadow head red candles with volume on 30 Nov 2021 and 1 Dec 2021 is a concern.
- Entry based on breakout from VZ today but not a good closing.
Comment: - Hit TP1: 672
- Adjusted SL: 655
- Risk-free trade now and ride the trend
Trade closed: target reached: Closed position at 672

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