Love these kind of setups where risk is clearly defined.
Daily level 198-200 and 178-180 are 2 clear levels to risk depending on your entry.
Thesis is the same along with all these HPC and AI story BS, power is needed and hence clear demand and the Chart pattern is clean for me and risk is defined, even though its not a momentum play so wont be a fun trade but i am ready to start building a position for a post earning swing so just adding 25% feeler. as its at 198. il happily scale into close to 180 for a full position.
My only concern is its a laggard as oklo nee ccj and others clearly gave breakouts anyways
I like the pattern and il scale in nicely on panic days.
I will jump out of the trade no questions asked if the levels are violated or the setups deteriorates. Will update, and there is a big pull back very near so stay vigilant and ready to deploy.
GLTA
Daily level 198-200 and 178-180 are 2 clear levels to risk depending on your entry.
Thesis is the same along with all these HPC and AI story BS, power is needed and hence clear demand and the Chart pattern is clean for me and risk is defined, even though its not a momentum play so wont be a fun trade but i am ready to start building a position for a post earning swing so just adding 25% feeler. as its at 198. il happily scale into close to 180 for a full position.
My only concern is its a laggard as oklo nee ccj and others clearly gave breakouts anyways
I like the pattern and il scale in nicely on panic days.
I will jump out of the trade no questions asked if the levels are violated or the setups deteriorates. Will update, and there is a big pull back very near so stay vigilant and ready to deploy.
GLTA
Note
Added rest of the position at $185 and risk now 178-180 defined for my appetite. I think that ceo 7 mill sell off was the trigger and then the wells fargo overweight target $238 was probably the reason for the curls mid day. Dont think wells fargo is tier 1 but this news sometime back today by morgan stanley analyst for vistra giving limited guidance is not the best either but i am looking at the crazy ass volume and wick seems like someone was buying but i dont care i am getting the fck out of 178/180 if that wont hold. chart just looks so freaking pretty. common you pathetic laggard you can do it boyyy !! tomorrow we get cut and we go boom boom 
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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.