Watch DELL if we fill the gap to bounce. I expect DELL to fill the small gap dating back to late August, which will likely coincide with testing the 200 day MA. I will either write puts, or buy outright if we test this area and hold.
Not yet. I would like to see a few days of just stomping on the bottom. See the volume dry up, etc. A quick bounce from those lows is not the same as putting in the type of bottom of what I believe is a good swing trade. I think 2.5 points or more is available on a good swing trade from the 32.50 area (give or take a quarter).
I ended up buying in at 32.34 and 32.47. Sold 1/4 of the positions at 32.75. I would have liked to see us spend more time around 32.50, so if we bounce quickly, I will not hold as long.
Nice entry on Dell Rogue, are you planning this as a longer term trade and what targets/stops do you have in mind? Nice setup
Good trade today on dell rogue.....very interesting fill the gap theories. I use to play them back in the days. Have not tried it in a while.
I have legged out of positions on the way up, currently holding 1/4 of position. Got out at 1/4 @33.23, 1/4@33.74, and now 1/4@33.97. Will hold remainder with a profit stop at 33. Too much too soon, gotta take those winnings.