Description
⋅ Overview:
- SPN pulls ahead of other SP500 categories for YTD returns
- OXY performing quick second test of resistance
Current Trend:
- OXY was bearish
- RSI is rising
Trade Plan:
- Enter OXY at end of day (5/5) if above resistance line
- If fails to break resistance put back on watchlist
Target Profit:- Sell 100% of position at $30.00
Stop Loss:- Initial $25.77
- Trailing to low of previous day
Risk Reward Ratio:- 2:1
- My trading plan dictates that this is my minimum ratio
Disclaimer
Not investment advice. Thinking out loud in a crowded room.
Comment
⋅ Closed at resistance line. Added to watchlist for tomorrow
Order cancelled
⋅ Rotated back to watchlist