Entry: with price above 468.03
Volume: with volume greater than 2.69M
Target: 511 area
Stop: Depending on your risk tolerance; Based on an entry of 453.70, 232.84 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 2.69M
Target: 511 area
Stop: Depending on your risk tolerance; Based on an entry of 453.70, 232.84 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:
If it pulls back more than 61.8%, I'll cancel the idea.
Comment:
Still closing above 61.8%, still a valid watch for me.
Order cancelled:
Risk to Reward no longer attractive.