Trade Idea --- $LUV ---
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Chart says it all.
The daily chart shows sellers at $59.58 with a good number of buyers stepping in at the same time.
GMMA lines are bullish on the daily as well as the weekly for a breakout.
Monthly RSI is nearing a breakout setup
Breakout is not a sure thing on this one. If you enter the trade manage it with a proper stop loss. I think I would initially start with a SL around $56. Keep risk below 2% of portfolio.
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As always comments are welcomed and appreciated
The daily chart shows sellers at $59.58 with a good number of buyers stepping in at the same time.
GMMA lines are bullish on the daily as well as the weekly for a breakout.
Monthly RSI is nearing a breakout setup
Breakout is not a sure thing on this one. If you enter the trade manage it with a proper stop loss. I think I would initially start with a SL around $56. Keep risk below 2% of portfolio.
Like if you find this interesting
Follow for more ideas
As always comments are welcomed and appreciated
Nota
MACD approaching uniform action at the zero lineNota
Entered and then closed at breakeven
-If you find this idea interesting please leave a like
-Follow for more
-Comments are always welcomed and appreciated
-Follow for more
-Comments are always welcomed and appreciated
Penafian
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