As the energy sector is heating up, it could be time to start locking in profits or raising stops to protect profits earned from the recent run up
Energy more then likely will continue the overall uptrend in the long term as it works it way back towards its 2008 highs however from the recent short term high as the sector has run into a major resistance area over...
I would look to get out around 47.30$ maybe even a bit lower , not sure what your target was
this analysis is personal opinion , in no way it's a professional guidance for a particular position. I do wish you luck, sounds like this one will be a great winner for you :))
what's your vision on it, where do you think you will actually get out?
sometimes its best...
While a bit premature, a tactical long position in VDE with a tight stop makes sense. IF Energy is making a lower-intensity higher-low then it may turn around these levels. Stop is tight because the ST downtrend has not been broken yet. Risk/Reward is compelling.