LagunitaLLC
Long

NASDAQ (04/06/2020) - Do not buy yet!

TVC:NDX   NASDAQ 100 Index
FA
+ Oil deal is delayed till Thursday for further notice
+ Weekly unemployment claims will be reported on Thursday (04/09/2020)
+ People are expected to receive their checks at least 2 weeks delay.
+ Banks are not ready for taking loan applications which include PPP and SBA.
+ Trump deployed 1000 military personnel to NY.

TA
Monday will open high as a part of the head and shoulder pattern. We are in a small buying zone, after this one we will expect a drop .
RSI is at the medium: 50/50.
The stock broke the blue line on Friday. Indicating a sell-off in the future. However, Monday is opening high, may due to Market makers. If you want to buy, please wait for the market signal. Otherwise, it's still risky to buy.
Good luck.

Comments

chart states long, but the chart looks like you have it going short. please confirm. Thanks
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@Ginossim, please read the content. Thank you
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I already bought some small positions everything is green right now
Wondering if I should sell now and buy a again lower?
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@Life2020, It's up to you
Reply
Could you please tell me which price need to break in order to open buy position
Reply
LagunitaLLC borislavrabrenovic
@borislavrabrenovic don’t know yet.
Reply
LagunitaLLC borislavrabrenovic
@borislavrabrenovic FYI, 3 things need to be done in order to give a clear buy signal: Covid-19 has a vaccine, Fed’s stimulus plan works, people start to walk outside.
Reply
@LagunitaLLC, till when it will go up today?
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@LagunitaLLC, as it went very much high without reason
Reply
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