The Trade Ideas, Stocks Trading Idea of the Week
Trade Ideas technology once again points to high volatility as the artificial intelligence Holly took zero trades on Friday due to the volatility and broken charts across the board. When the A.I. decides to take zero trades it reminds us all that the edge is gone due to the extreme volatility. This is the real signal.
Rather than take the “no trade this week” route, we will highlight a conditional trade opportunity in Facebook, FB Nasdaq , only if it pulls back to 108.95 (or a few cents within this level ). This is a pullback alert designed to fill the price gap on the daily chart at 108.94. As with any pullback alert, you need to observe the current condition of the market if this should trigger. If the broader market is plunging to new lows, you might want to watch the price action of FB Nasdaq a bit more until you feel the conditions to buy are right.
Using a pullback in price to trigger a buy level is done all the time with the Trade Ideas Price Alert feature. The idea is to give you a better entry to withstand any attempt at a shake out. Should this trade trigger over the course of this week, the suggested stop will be 106.11 which is just below the wick of the candle that defines the price gap on the daily chart. The stop is tight on this one to accommodate the volatility and exit quickly if the trade does not develop. Managing risk is always our number one responsibility.
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Please remember that Trade Ideas does not suggest day trading this type of alert. The idea behind the Trade of the Week is to give our customers opportunities that they may be able to stay in for an extended period of time. Please use proper risk management when making investment decisions.
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