This is one of my top ideas for the day. SD is in the Oil / Energy Sector which is being supported lately. If it can get up and over the resistance line I've drawn with some volume, I'll be looking to go long with a 15% to 18% price target by getting back to recent highs. I've made notes on the chart for my reasoning. Ideas, not investing / trading advice.
Trade active
Small starter position @ 11.78 Stop C/B 50 DMA. I'll be looking to add to position if it can hold above line of resistance now support?Trade closed manually
Closed this for a small loss today @ 11.22. This has reversed hard back below yesterday's low. I'll put it back on the watch list.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.