As soon as the price reached key inflection levels within an ascending formation, I made the decision to book profits and secure the capital. I managed to secure a profit of approximately 20.51% on the invested capital from this trade. Given the current over-valuation of the overall market from a technical standpoint, I anticipate a potential crash in the near...
My Level: Long off $143
You could see its the 50D SMA. Right below that you also have Annual and monthly pivot. Its got a $6.50 ATR. If market has a real pulldown tomorrow that might be a nice level to trade it off. If doesn’t happen tomorrow might look for it on Friday
