[Platinum Watchlist] (4.27.23) 2 stocks

Good morning.  

Stock market futures are up this morning.  We are not seeing any set-ups from the Horizon List this morning.   We have one stock remaining in the Paper Trade Portfolio which is EW.   

EW closed down 0.41% yesterday but remains above the cost basis of 86.54 which remains as the support level. We can expect some selling pressure at 89.14, which will be resistance. We have a slight negative reading from the Stochastic and also see a rolling over of the MACD. If you want to protect gains, then a stop limit will be placed above the cost basis, otherwise the next level of support is the 9-day SMA which is below the cost basis.   

Just as a follow-up: We were in BRKB for 28 days and exited the position on 4-25 at $325 as price action closed below our blue trend line. Yesterday, price action fell to $320.53 and had a full candle close below the 9-day SMA which was $4.47 below our final exit price. 

This was a nice swing trade for the portfolio. It’s important to analyze both the good and bad trades so we can make better trades in the future.  

Have a great day!