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[Platinum Sell Alert] 2 Stocks
[Platinum Sell Alert] 2 Stocks
August 22, 2023
PAPER TRADE ONLY
Sell Alert: CHTR – $373.36 (1/2 position)
Price exceeded the upper Bollinger Band and triggered a Sell Limit order for 1/2 of the position. There is still upside, but the next level of support will be around 358.68 while resistance will be at 381.08. The gain on this paper trade was 2.88% or $522.00 for a 50-lot position. The portfolio still holds a 1/2 position with a gain of $10.88 for the 50 remaining shares.
Sell Alert: PM – $97.51
A stop limit was triggered at the support level. The Stochastic is now under the %D line. The MACD is flattening out and the RSI is trending lower even though both of these indicators are still in the green. Some traders would have utilized the 9-day SMA for support looking for a price action bounce with a continuing up-trend to resistance at 99.94. Being risk adverse and noting the action of the indicators, my preference is to take the gains and focus on the rest of the portfolio. The gain on this paper trade was 0.76% or $74.00 for a 100-lot position.
This information is for educational purposes and not a recommendation to buy or sell a stock.
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