Entry: with price above 221.77
Volume: with volume greater than 1.77M
Target: 230.73 area. This is an area, you might consider existing early if price drops below a significant moving average such as the 10, 20, or 50 EMA. You might also considering holding some portion of the trade longer as price closes above significant moving averages.
Stop: Depending on your risk tolerance; Based on an entry of 221.77, 218.78 gets you 3/1 Reward to Risk Ratio.
For a higher risk and higher reward trade, enter when price breaks above 217.90 (high from Nov 13) and set your stop below the entry day or day before entry day candle, or wherever your normal risk tolerance allows.
This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
Emir iptal
