do u think it will go deeper? I thought it was a flag formation but now it is goind much lower. But i am not sure that to 15.38-14.99 really
TheOne99
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@Armenco, The Idea is - Gaps usually fill eventually. with this volatile market, it it not unreasonable to see it fill this close in the price action. In a conservative opinion That would be an ideal entry with a tight stop loss. any lower would be something I would want to avoid. could rally from current price. anything can happen. Its a question of risk and position size i suppose. Perhaps small buy orders on the way down . dollar cost average with tight stop below the gap?
Not financial advise :)
Armenco
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@TheOne99, gaps are being filled eventually, you are right. But it is a strange thing for three top executives buying in the beginning of Nov - Nov 11 and Nov 2 at 19,65 and 18,47...
Armenco
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@TheOne99, one can see reverse head and shoulders on D timeframe from Oct 16?
TheOne99
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@Armenco, I see H&S. agree. can always go either way. as traders we look for possible outcomes and find an edge. probability, position sizing, entry and stop loss. safe trades buddy.
Armenco
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@TheOne99, ok, let's what BBBY has for us :-) take care and nice profit
Armenco
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@TheOne99, and how the S&P500 expiration affects the stocks? Does it affect all stocks negatively?
TheOne99
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@Armenco, Careless to say no, but, is it not a reflection of the aggregate ? That's a big question. I wish I understood the relationship better.