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Good call on the strong resistance at 60. But here is what I was thinking:
Earnings release might be a good play during uncertain economic times. Might be less choppy. So I think I will look at the premarket activity. If I see some strong buying at the premarket that might signal that it will be one of those plays where the price goes up ahead of earnings, so I will then buy early in the day, and if it price goes up according to plan ahead of earnings release then I might be able to move my stop to break even giving me a free trade ahead of earnings. |
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Abe,
A friendly tip. Start looking for things that would signal to you that this trade will NOT work out. When you look at things from that perspective you can judge more clearly.
If you start looking for reasons that it shouldn't/isnt work(ing) out and you don't find any, you have a better indication of strength than just being outright optimistic.
Good luck!
