STLD from $105.5 to $116

2024年9月11日

MODs have suggested that I provide more detail about the picks I make.
Sorry. I'm not as verbose as y'all, and I don't like things to be complicated.
My trading plan is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
Bonus if a TTM Squeeze in in play.
I hold until target is reached or end of year, when I can book a loss.
So...

Here's why I'm picking this symbol to do the thing.

Price at bottom of channel (period 100 52 39 & 26)
Stochastic Momentum Index (SMI) at oversold level
TTM Squeeze is off
TTM Squeeze momentum is down
VBSM is very negative
Impulse MACD is down
Price at near Fibonacci level (2.618)
In at $105.50
Target is $116 or channel top

2024年9月17日

交易結束：目標達成

$116 hit today
Position closed
$10 per share profit