MACL trade ideas
Knowledge about Gaps trade in market:By keeping 287.62 as stop-loss we can trade in this stock, target 313.49
Because the stock has many gaps we will talk about gaps,
Gaps are areas on a chart where the price of a stock moves sharply up or down, with little or no trading in between.
A gap is produced when on a particular day a certain stock at its lowest price is traded higher, compared to its highest price at which it was traded on a preceding day.
Gaps can provide clues about the price movement.
Remember that not all gaps are genuine, some are phony as well. Genuine or valid gaps occur when the market skips a price level.
Common gaps normally occur in calm and quiet markets, rather trend less markets.
There is a common superstition that “a gap must be closed.” It is further molded into “If space isn’t filled in three days, it will be filled in three weeks, and if it isn’t filled in three weeks, it will be filled in three months, etc.”
MA Waiting for More Volume TriggerPrice Side:
#Rising price with good trend channel
#Price supporting with good sight
#Trend Line as price defense
#Exit if price drop
#Trade with care
Volume Side:
#Flag for waiting volume trigger
#Volume showing average
#Expecting more rising volume
#Exit if volume drop
#Trade with care
*Disclaimer : This is Not Financial Advice
Long MAKeep your trading simple
Bullish Long Term
T1 = minimum risk reward 1:1
I always leave 1/3 of my position for long term gains - moving my stop to my entry if I need to give room for the volatility or using trailing stop for maximum gains.
Not a financial advise - trade smart trade safe.
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Long MA - Second chance entry!Keep your trading simple
Bullish Long Term - After closing profits on the first trade on MA now we have anther trading opportunity!
Long term target $335 - Closing gap.
T1 = minimum risk reward 1:1
I always leave 1/3 of my position for long term gains - moving my stop to my entry if I need to give room for the volatility or using trailing stop for maximum gains.
Not a financial advise - trade smart trade safe.
Follow me to support my work, Thanks!