CVNA Daily crossover triggered
Planning to buy at market open on 9/17 so long as we are above 148.85 (HOD on 9/3). Ideally, we stay above 152.33 (HOD on 8/30, last trading day of August)
What I'm buying:
With the way that CVNA tends to move, I'm opting for a vertical debit spread here.
Sep27 +155c/-165c for a debit of roughly 3.30, and a max gain of roughly 6.70 at expiration, which is also the max date of this trade.
Using an ATR of 7.77, targets are as follows:
SL: 141.62
TP: 177.35
Max Date: Market Open of Friday, 9/27
^^As always, whichever of these hits first
Additional levels:
159.85 - Recent Strong high
179.24 - This level is above our TP, but note this level when looking back on the weekly chart
Transaction en cours
Gapped up in PM, but I waited for it to come back down to a YHOD test and enteredTransaction en cours
Took a trim here at the strong high testTrade fermée: cible de profit atteinte
Sold at open given the gap ups today
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.