Long #STLA on strong Sector and Industry. Performance. I picked STLA as the higher time frame weekly chart had a three bar congestion and a weekly breakout which suggests a monthly breakout trend. That is the structure was more positioned for a breakout than others. To note on the monthly charts, long term trend is in huge sideways structure and we are trading in middle of value area. Risky but the resistance suggest a possible 20% upside. As long as the trend is up on the weekly and monthly, I would hold until price action suggest otherwise. Await this month qtrly results. #swingtrading
Currently long #baba #dada #nue #eh and more recently #pton I am a Swing Trader with my foundation based on Ray Barros's 4 Phase Methodology. Been in the market about 7 years and only 2 years ago began a more serious systematic and discretionary approach to the market. Hope you enjoy my sharing.