Add Exposure When Prices Hold Above 150

tomthetrader1
11-01

$S&P 500(.SPX)$

MTN, Vail Resorts. This could take more time to consolidate. (My first trade here failed earlier this year on earnings breakdown in April). I'm taking a second attempt here with an initial entry 153.

There is a descending resistance + the long term moving average hanging out together. The weak rallies on the break of the long term range with a 5 - 10% rally. If MTN doesn't stall in this range, there is likely a stronger rally in development at that stage looking to target 205

Weak argument for a higher low in this stage, price will need to cross 175 for that to get stronger. At that point 205 is the natural mean on the chart.

I will want to add exposure when prices hold above 150. Below 140 this head goes back on the shelf.

ImageImage

For whom haven't open CBA can know more from below:

🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimitedly!

Find out more here：

Macro Trend
Monetary policy, various types of price indices... Here is everything about the macro economy!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment