TradingBandito06

BAX - Trend Reversion

שורט
TradingBandito06 מעודכן   
NYSE:BAX   Baxter International Inc.
Trade Theme Trend Reversion

Sector/Stock BAX

Trend Y/Y
Propulsion No
Vscore Yes
Vprofile Yes
RAF Not at Extreme
Darvas Yes
Darvas 3.0 Yes


Entry 40.2 Minor Low Breakout. Look for improvement on breakout pullback.
Profit/Breakeven 39.2 50% Fib retracement and Volume resistance.
Stop Loss 25% Stop Loss

Option 19May23 40 Puts

BAX had been in a solid R/R downtrend and pulled back to the WAVE last week. Trend has started to become sideways, but the past trend is very strong.

I have solid RAF/Vscore/Vprofile signals and signs that momentum will resume.

Bot 2 19May23 40Puts @ $2.00 today on the break below 40.20.
עסקה סגורה: הגיע לסטופ:
Stopped out on the trend change.

Weekly is has a strong downtrend. May be a long term short after the Daily resolves this move.

Still like the trade setup - And the current move to the Vscore = 0 with extreme RAF reading. Look for the move lower.
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