I have been watching snow since it’s been recovering from the sell off it had about a month ago.
Anyway, I have been trading a lot of intraday bounces and my prediction of QCOM yesterday was similar to this.
Nothing fancy just a bounce play that was confirmed with the level 2 data.
I always look through the order book to get an idea of who is buying and selling, currently there is an order for about 1200 shares @251 which gives a lot more validity to my thesis that big money is buying this up.
The bold white line inside the purple rectangle is the area I identified as a demand zone - and where I plan on taking my position.
I plan on exiting when the order book tells me to get out but I expect a clean ten point run off the bounce.
I am new to trading so please bare with me if this isn’t up to par , I enjoy sharing ideas.
Anyway, I have been trading a lot of intraday bounces and my prediction of QCOM yesterday was similar to this.
Nothing fancy just a bounce play that was confirmed with the level 2 data.
I always look through the order book to get an idea of who is buying and selling, currently there is an order for about 1200 shares @251 which gives a lot more validity to my thesis that big money is buying this up.
The bold white line inside the purple rectangle is the area I identified as a demand zone - and where I plan on taking my position.
I plan on exiting when the order book tells me to get out but I expect a clean ten point run off the bounce.
I am new to trading so please bare with me if this isn’t up to par , I enjoy sharing ideas.
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.