Hello and welcome to your trading column! It's great to have you here, and I'm excited to see what insights and perspectives you'll bring to the world of trading. Whether you're an experienced trader or just getting started, I hope this column will provide you with valuable information and ideas to help you succeed. So sit back, relax, and let's dive into the world of trading together!
Trade on ALGN (Align Technology Inc.) on bounce off the 223-period moving average (4h TF).
Medium-risk trade: 100 shares purchased at a price of 302.98.
Stop loss at a price of 290 (break of the local lows of February 23rd).
Take profit at a price of 316 (break of the 10-period EMA).
In the coming days, I will manage the position based on the market's performance.
** UPDATE after market open**
Change my stop-loss to breakeven
Correct, the information provided is not intended to be financial advice. It is for educational and informational purposes only. Trading in the stock market involves risk, and individuals should always conduct their own research and analysis before making any investment decisions. It's important to consult with a financial advisor or professional before making any financial investments.