TradingBandito06

HWM - Minor Low Breakout

לונג
TradingBandito06 מעודכן   
NYSE:HWM   Howmet Aerospace Inc.
G/G trend with a pullback after earnings.

Has 3-4 propulsion dots across 13/21/34 propulsion dots.
Vscore area,
RAF just below extremes = Minor low breakout.

The only thing about this price action is I would wish for a larger pullback. The entry here is above 13ema, despite the momentum.
Volume support is lower and starts around 41.30.

I'm going to take a small aggro position if we get a breakout, due to the overall ITA sector strength, but I would like to get a more conservative entry. I would like to enter between the 13 and 21 propulsion dots.

21APR23 42Calls. You could also look at 43 Calls which have more Open Interest.

Entry - $42.10
Profit - $42.95
25% Stop Loss.

הפקודה בוטלה:
Did not take trade due to Gap and Go on the breakout.

Prices accelerated after breakout/big volatility bar.
כתב ויתור

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