I've entered a long position in $ORLY. Since this US stock reached its high in late July of this year, it has been continuously in a sideways correction, which is very bullish. In the last few trading days, it broke out of this channel to the upside and re-tested it on the last trading day.
The price is currently supported by the 38.2% Fibonacci level, the upper boundary of the broken channel, and the moving averages are catching up.
Let's see if this setup plays out as expected.
The price is currently supported by the 38.2% Fibonacci level, the upper boundary of the broken channel, and the moving averages are catching up.
Let's see if this setup plays out as expected.
交易手动结束
Closed the position with a green 0
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