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[Platinum Sell Alert] (5.25.23) 1 Stock ($1,009 Profits)

[Platinum Sell Alert] (5.25.23) 1 Stock ($1,009 Profits)
August 22, 2023

PAPER TRADE ONLY 

Sell ANET – $154.00 

Price action gapped up along with the NVDA hype and wicked past the upper resistance level at the 50-day SMA where a sell limit was triggered. This provided the paper trade portfolio with a 7.01% gain or $1,009.00 for a 100-share position.

The chart still shows oscillators in the green and some traders may wish to stay in this trade or sell a 1/2 position to maintain their cost basis position. Because of the large gap up and strong resistance at the 50-day SMA, I chose to take the full gain on the NVDA hype.  

This information is for educational purposes and not a recommendation to buy or sell a stock.

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