$ORCL - the next bet
What a start to year 2024. If you referred to my previous post, I entered 
PFE at USD28.79 after a bullish ice cream weekly candle was formed at key support level.
On 2nd January 2024, when the whole market tanked,PFE moved up 5% in a day, I was hoping for a higher gain over a longer run but I would prefer to bag 5% gain instead.
Moving on to my second trade of the year, ORCL. Honestly this is more like a bet trade instead, setup is not too perfect to risk but since the price is testing weekly 50SMA I would expect it to bounce up by 5-10% in 1-2 weeks time. My setup is as follows:
Entry: 102.95
TP: 108 - 114
SL: 99.22
Risk-Reward is not too great but time will tell if my instinct is right.
PFE at USD28.79 after a bullish ice cream weekly candle was formed at key support level. On 2nd January 2024, when the whole market tanked,
PFE moved up 5% in a day, I was hoping for a higher gain over a longer run but I would prefer to bag 5% gain instead. Moving on to my second trade of the year, ORCL. Honestly this is more like a bet trade instead, setup is not too perfect to risk but since the price is testing weekly 50SMA I would expect it to bounce up by 5-10% in 1-2 weeks time. My setup is as follows:
Entry: 102.95
TP: 108 - 114
SL: 99.22
Risk-Reward is not too great but time will tell if my instinct is right.
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.