Alexey_Malorodov

TAUBMAN CENTERS INC

Long
Alexey_Malorodov Updated   
NYSE:TCO   None
NYSE:TCO

If you look closely at this instrument, you can see that it is stronger than the market.
At the moment when the SPY falls, this paper is steadily going up.
Despite the fact that I expect the market to fall today, you can look at this paper at the cautious long with a mandatory SL order.

What is on the chart:
1. Confident growth in that time when the market was falling.
2. Level from the tail of a paranormal bar.
3. Pressure on the level.
4. Closed next to the level.

Safe scenario:
Entering the rebound and level retest after the breakout and fixation above the level.
Protective SL is placed under the breakout bar.

Aggressive scenario:
The entry point at the breakout bar is 2-3 cents above the level.
SL under the breakout bar.
Order cancelled:
model is broken
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.