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tradepatiently
Jun 5, 2023 3:46 AM

VRSK Entry, Volume, Target, Stop, Resistance Long

Verisk Analytics, Inc.NASDAQ

Description

When price clears: 222.93
With daily volume greater than: 1.14M
Target: 249.50 area
Stop: Depending on your risk tolerance; 214.08 gets you 3/1 Risk/Reward.
Resistance: 231.50 area

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

Got the volume and price today, I didn't get a position "yet" but only because I missed it. Will likely start one tomorrow assuming it doesn't move in the wrong direction.

Trade active

Comment

Pullback on lighter volume is a good pullback, setting up for the next leg up.

Comment

I personally love to see a stock trade sideways on decreasing volume. If it can trade sideways on decreasing volume, imaging what it can do when volume picks up.

Comment

I may add to this trade next week if the opportunity presents itself. I wanted to today, but volume just isn't there.

Comment

Sold 1/3

Comment

Sold a little more, I'm 1/2 out.

Comment

With earnings coming, I'll try to avoid another pullback (by selling my shares for some profit).

Comment

Sold my shares, happy to take some profit and remove the earnings risk.
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