The $SPX is trading currently in a very definitive pattern that has been very easy to predict and follow. Need to not look beyond the obvious. Long trades should be entered between the values of 1860-1880 only and though you get firm intraday movement you must be willing to hold those short term longs only for either support level failure or up in to the high end...
Critical area for GMCR to hold here as further down side below $112.78, especially for a weekly candle close could easily send this stock down around $90. www.winningstockcoach.com
Elon saved it this past week with his tweet promising a new product April 30th, but watch close should TSLA fail $181 and prepare for at least a $30 fall if it does. Knowing this is a cult stock though I found myself intrigued about this "new product" and know people will aimlessly throw money at this company no matter how bad the fundamentals are. I actually like...
With this weekly chart I am demonstrating current support levels as well as giving recommendations based on my own trading plans as to how to protect yourself before a new up move is confirmed, while still awarding yourself the chance to begin building a position. Simple risk management strategies are the core focus at www.winningstockcoach.com
Is it time to take profits on FB? Well I am never one to completely exit anything all at once, because there is always that chance you will be wrong. But with any move below $80.57 I will be exiting half my current long position as well as selling covered calls on the remainder.
After closing last week above $64.15 myself and other members of #thecoachsroster @ www.winningstockcoach.com will be using the price of $57.48 as a point not to stop out of our new long positions, but rather as an ITM puts buy for some protection on them. Once we see the reaction to price point $77.78 we will look at taking some small profits via covered calls....
