PlanTradePlanMM
Long

VZ long, at Support

NYSE:VZ   VERIZON COMMUNICATIONS
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.

Comments

Good try. But I choose T instead
Reply
@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.
Reply
This setup makes sense when the demand boosts, thanks for sharing, great view.
Reply
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.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out