$LBRT Liberty Oilfield Making Bull Run with $USOIL: Exit-points?
Actualizado
Well, FIB retracements were shattered to pieces with the BULL RUN 
USOIL experienced on Monday's market open.
The only thing that makes any sort of sense here is to target a relative previous high as a potential early exit point. Of course, LBRT's high upside looms higher than this focus at 9.81, but there's already a sizeable profit on the entry point for this trader (sub-8.1), so a little caution must be exercised until we seeUSOIL itself spike 43/b with little resistance-- That has not happened in "COVID SZN," and while it appears closer to reality, it's still not here.
So, PROFIT- SNATCH at the Checkmark, but Stay 1/2 position for the later secondary run that still could loom. Hedging as it is.
Happy trading - and this isn't advice; it is simply my THOUGHTS, and what my IDEAS, are leading me to do with all my positions ;)
Which is advice, for me, and you if you choose - but we're only calling it IDEAS, ya feel?
-BDR
Post note: See related idea onUSOIL for the precursor to this IDEA!
USOIL experienced on Monday's market open.The only thing that makes any sort of sense here is to target a relative previous high as a potential early exit point. Of course, LBRT's high upside looms higher than this focus at 9.81, but there's already a sizeable profit on the entry point for this trader (sub-8.1), so a little caution must be exercised until we see
USOIL itself spike 43/b with little resistance-- That has not happened in "COVID SZN," and while it appears closer to reality, it's still not here.So, PROFIT- SNATCH at the Checkmark, but Stay 1/2 position for the later secondary run that still could loom. Hedging as it is.
Happy trading - and this isn't advice; it is simply my THOUGHTS, and what my IDEAS, are leading me to do with all my positions ;)
Which is advice, for me, and you if you choose - but we're only calling it IDEAS, ya feel?
-BDR
Post note: See related idea on
USOIL for the precursor to this IDEA!Comentarios
Snatched 1/3rd of position for profit @ 9.32 ; USOIL is stalling out & momentum is slowing. 9.4 is a relative resistance mark here that is being watched for some speed surpassing it; so far, only resistance.Comentarios
Double-dipped the cone w/ a re-touch of 9.3. That 9.4+ zone won't be realized today. Still hanging to a 1/3rd position held from the 8.1 avg cost entry. No harm there.
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