[Platinum Watchlist] (4.5.23)

Good morning!  

Markets are flat this morning and there are no set-ups forming from the Horizons List. Today we will be managing the stocks currently on the watchlist analyzed above.  

 Be sure to protect any paper trade gains or reduce the number of losses with stop limits and take gains with sell limits as price action reaches areas of resistance.   

We utilize support and resistance levels to identify potential entry and exit points for trades. Support levels are areas on a chart where the price of an asset has historically found support and bounced back up, while resistance levels are areas where the price has historically been rejected and bounced back down. 

We may also use support and resistance levels to help determine profit targets. 

If a stock is approaching a strong resistance level, for example, we may take profits before the stock reaches that level.  

Utilize you trading plan along with risk management to increase your probability of a successful swing trade.  

Have a great day!  This information is being provided for educational purposes and is not a recommendation to buy or sell a security.