The last breakdown from ATH happened before their earnings for some acquisition news.
It recovered quite quickly since August and tested ATH again in September. Now sitting at 21ema
Whats good here?
+200 Psych level under us
+Big Volume shelf VRVP and Support $196.75
+Above all significant MAs
+2 year of consolidation in this Range Box
+this cloud/security/software sector has been taking a back seat with AI push but its consolidated very nicely in the last few months
What we need for the Swing confirmation?
+Earnings can be a catalyst or some news that can bring the shift
Plan
+Adding 1/3rs size now and will scale up if it holds 200
+Risk vs 196 will bail if vrvp wont hold
Manage risk first and profits will take care of themselves
It recovered quite quickly since August and tested ATH again in September. Now sitting at 21ema
Whats good here?
+200 Psych level under us
+Big Volume shelf VRVP and Support $196.75
+Above all significant MAs
+2 year of consolidation in this Range Box
+this cloud/security/software sector has been taking a back seat with AI push but its consolidated very nicely in the last few months
What we need for the Swing confirmation?
+Earnings can be a catalyst or some news that can bring the shift
Plan
+Adding 1/3rs size now and will scale up if it holds 200
+Risk vs 196 will bail if vrvp wont hold
Manage risk first and profits will take care of themselves
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.