APT has just blasted through that short zone (red box) in last few days. All secondary to Tencent bought at 5% stake. Will it keep going up or is this a 'sell the news' scenario? Honestly I've been trying to get in at a good level for a while now and do believe in the fundamentals underlying APT, but you can't FOMO buy levels like this. Also I'm a little wary about Tencent taking a stake as the republicans in America are essentially trying to outlaw them from doing any business in the states. Will this affect the overall push into America? Who knows, but something to think about.
I'll be watching this chart closely and will let you all know if I go long or short in the future.
Hi @ncorreia What script/strategy are you using for TRI Sell/Bull indicator?
ncorreia
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@revenge-trader, hey mate it's a script written by one of the guys over at therationalinvestor.com which uses crosses + movements of multiple timeframes of EMAs vs MAs to suggest bull/bear.
@revenge-trader, hey mate I unfortunately am not smart enough to code this. It's created by the team at TRI (website above) and you'll only be able to access it as a member of the site. I tried to find a link but it's hidden by the person who created it. 100% would recommend the site though - as someone that lives literally on the other side of the world (TRI - Canada, me - Australia), it's good shit.