Equity Oracle: 05/05/22

Hello Members,

Right now, as I post this alert, the markets have given back every bit of what it gained yesterday after the Fed announcement. I’ve been warning our members about the bull traps and today confirms the fact that the markets are being manipulated. With that said, there are still many opportunities we can take advantage of, as long as we stay focused on the charts and stay disciplined when managing risk. In my opinion, the best way to get into this stock is to scale into the position and wait for a pullback to the moving average or you can wait for a breakout above resistance before adding on the rest of the position. This way you will be able to set your stop well below the key support levels.

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