This is the weekly chart. Nice support area. One could consider put sales down here, or bull put spreads. OR for those who want to own shares in a volatile stock, this could be a buy low, sell high area.
If you were going to wait until the end of the day to see where it closed and buy where would you put your stop and where you would enter? Thanks!
Reallifetrading
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@ryankorosec, That depends on a LOT. Like which strategy are you going with? :-) And how long you plan on being in LVS
Reallifetrading
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@Reallifetrading, Bull put spreads, I would want to sell below that 100 SMA. :-)
Reallifetrading
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@ryankorosec, Buying shares for the 6month+ term, I would be looking at something like this.
RLK1072
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@Reallifetrading, for swing trading 1-2 weeks. Just curious about how you think through what you do. That pic helps a lot! Thank you!
Reallifetrading
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@ryankorosec, 1-2 WEEKS?! Ahh. Well ,that's MUCH faster and therefore MUCH more aggressive. I would have loved to enter earlier. But that would require a look at the hourly charts. :)
Reallifetrading
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@ryankorosec, Are you in? ;-)
RLK1072
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@Reallifetrading, Ah if only! No, wish I had the money to be in everything. But I did get into TSLA today :)