A bit sloppy but has some energy in it for a big move. Long from 6.8
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I'm more of a big picture guy so let me show you what I'm seeing on a daily time frame:
1) We have a bounce off the 21d MA
2) We have a bounce off the key trendline that's been supporting price since the uptrend began off the lows
3) Then we have a major breakout on the monthly with an inside up:
Cathie Wood's ARKInvest now owns over 4 million shares. Her fund has been accumulating.
30% of the float is short...
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Breaking above. Relative strength in a weak market... Sexy:
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Trade management: Now we adjust risk and refine the exit strategy. Pay attention to significant levels in the past. This helps guide your trimming spots/areas where you need to pay more attention.
I expect selling pressure at level 1, which eventually gets broken and hits 12.20 as the second target. 3/4 of my short term options (Jan 15 calls) will be sold at or near level 1.
交易結束:目標達成
Trimming at level 1 (9.35) letting some run
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Notice how much NNDM struggled in the red box. Another opportunity to trim here with the retest:
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Needs to get tighter under 9.5 to see a break above that level. More importantly we need to consolidation above 9.55 and we reach for target 2 at $12.20. I took most profits at 9.35 (level 1) but monitoring to add back. Here's what I expect: