VZ long, at Support

Long term Uptrend,
Reversal candle at support

Entry 58.5
Stop 57.4
Target 61.5; reward:risk=3:1

Earning 10/21/2020,

I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
Trade active: Option trade: BuytoOpen Jan C60, limit 1.43;
stop 57.4.
Earning may Gap UP or down. So, This trade did not sell put.


Good try. But I choose T instead
@nlin0125, Preparing Long "T" too, It touched proximal line of Weekly demand zone (26 - 27.3; 3/27/2020), waiting for Daily chart trendline break, or 60 min chart double bottom, or deeper into this demand zone, such as, 26.8.
The put is too cheap, otherwise, I would sell Nov 26 put now.
This setup makes sense when the demand boosts, thanks for sharing, great view.
PlanTradePlanMM VincePrince
@VincePrince, The demand Zone for me is "8/6/2020 bar 57.45 - 58 ". I didn't draw the demand zone, to void too many lines. Right now, I realized that my entry reason is the demand zone confirmation, and today's price above yesterday's high is the trigger. Thanks lot for your comment.
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