Long from positional perspective.
Updated
This is a view for the short-term time frame.
Hypothesis: The stock has given a breakout in the positive direction. Still, to avoid fake breakouts we can wait for the closing to be above our entry-level and initiate the trade. If it's a genuine breakout this can be a very rewarding trade.
Hypothesis: The stock has given a breakout in the positive direction. Still, to avoid fake breakouts we can wait for the closing to be above our entry-level and initiate the trade. If it's a genuine breakout this can be a very rewarding trade.
Trade closed: stop reached
Exited the trade. Overall Market sentiment is getting bearish.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.