This is one of my top ideas for the day. SD is in the Oil / Energy Sector which is being supported lately. If it can get up and over the resistance line I've drawn with some volume, I'll be looking to go long with a 15% to 18% price target by getting back to recent highs. I've made notes on the chart for my reasoning. Ideas, not investing / trading advice.
Trade active:
Small starter position @ 11.78 Stop C/B 50 DMA. I'll be looking to add to position if it can hold above line of resistance now support?
Trade closed manually:
Closed this for a small loss today @ 11.22. This has reversed hard back below yesterday's low. I'll put it back on the watch list.
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.