BERY waiting for entry on swing trade
Hi people,
Here is where I would get long on BERY. This trend line has not been broken in several months, I am expecting a bounce of this line again. If you want to hold this longer term that would also be acceptable. You could take an entry with a smaller position size, and then if it does indeed bounce of line, add to the position as it goes in the money. If we break this trend line, I would consider shorting this and riding it down the fib ladder. Thanks for watching,
Matt
P.S. We are almost oversold on daily RSI; by the time it hits our entry we should be well off into oversold territory.
Here is where I would get long on BERY. This trend line has not been broken in several months, I am expecting a bounce of this line again. If you want to hold this longer term that would also be acceptable. You could take an entry with a smaller position size, and then if it does indeed bounce of line, add to the position as it goes in the money. If we break this trend line, I would consider shorting this and riding it down the fib ladder. Thanks for watching,
Matt
P.S. We are almost oversold on daily RSI; by the time it hits our entry we should be well off into oversold territory.
(jk)
- Matt