PlanTradePlanMM
Long

GILD Long, Using EMA(144) as support

NASDAQ:GILD   GILEAD SCIENCES INC
Using Script: Buy in long term uptrend (Weekly and Daily)
Weekly uptrend, Side way consolidation above EMA (144)
Price pulled back to the buy signal area where crossed EMA144 on 3/16/2020;

Entry: 74
Stop: 70; when Below EMA144
Target: 90; risk/reward=1:4

This is a trading school homework. I need few months to practice trading plan.
If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.
Trade active: Buy Aug C80/90 limit 1.7;
No Stop in Option with Small risk;
Risk/reward=1:5 is good enough to try in long term uptrend.

Comments

so is this a long entry on the stock, or a call spread trade? i can see it will be tricky to use a weekly view for an option trade like this - just IMHO.
Reply
@RedKTrader, My plan is based on the stock trade. my active trading is option.
That is another hard work to convert stock price (S.E.T) and projected time into option strategy.
Reply
RedKTrader PlanTradePlanMM
@PlanTradePlanMM, got it - thanks and good luck!
Reply
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