[Platinum Sell Alerts] (5.17.23) 2 stocks with $1,200 profits

PAPER TRADE ONLY 

Sell – UAL $48.25 

Price action trended up and hit the sell limit place just below the resistance level. I set the level lower as most sellers most likely had a sell order at resistance. This sell added 6.39% to the portfolio or $290.00 for a 100-share lot.  

Sell SEDG – $304.90 

For the third time this stock afforded us the opportunity to complete a nice swing trade from the support level at the 20 EMA. All the indicators are still in the green however we have been able to trade the range over the past few days for some nice gains. The sell limit was set just below the mid-price action level from Monday. You will see in the chart a range bound pattern over the past 4 days. This trade provided the portfolio with a 3.31% gain or $978.00 for a 100-share lot.   

Range-bound patterns are defined by well-established support and resistance levels. Swing traders can use these levels as guides for identifying potential entry and exit points. Buying near the support level and selling near the resistance level can be effective swing trading strategies within a range-bound market.