BEST SHORT Opportunity in the markets!! SQM SHORT!!
This chart is up against ATH and MAJOR Overhead Resistance lines extending back to 1996. This stock has been overbought for quite some time and has continued to move higher while markets have traded generally lower. I fully expect this one to play catch up soon.
Notice the large Yellow Parallel Trend Channel that price broke out of in March 2022. Price has gone nearly Parabolic since then and is losing steam as it hits overhead resistance. Although not shown here the Price is outside of the Bollinger Bands for >5 MONTHS now indicating that price is > 2 STD away from the mean average MONTHLY Price. This is a Reversion to the MEAN counter trend trade with the 1st Target Price the broken Resistance now acting as support. 2nd Target Price would be the Monthly EMA 39.
SHORT Entry = $112.46. SL is confirmation close > $116.78. Target # 1 = $77.64. Target # 2 = $60.43. This is a 8.5:1 Reward:Risk ratio to the 1st Target. Even greater to the 2nd Target.
Trade has a >85% Probability of turning out EXACTLY as described!! See my prior posts on similar setups in AMD and SPX.
Notice the large Yellow Parallel Trend Channel that price broke out of in March 2022. Price has gone nearly Parabolic since then and is losing steam as it hits overhead resistance. Although not shown here the Price is outside of the Bollinger Bands for >5 MONTHS now indicating that price is > 2 STD away from the mean average MONTHLY Price. This is a Reversion to the MEAN counter trend trade with the 1st Target Price the broken Resistance now acting as support. 2nd Target Price would be the Monthly EMA 39.
SHORT Entry = $112.46. SL is confirmation close > $116.78. Target # 1 = $77.64. Target # 2 = $60.43. This is a 8.5:1 Reward:Risk ratio to the 1st Target. Even greater to the 2nd Target.
Trade has a >85% Probability of turning out EXACTLY as described!! See my prior posts on similar setups in AMD and SPX.
Trade active:
CRUSHING the markets... 8% flush down today. Expect $77.64 Target Price before end of year.
With this setup I RISK up to 2.5% of my Capital on this trade because of the >85% Probability of success and VERY HIGH Reward:Risk ratio.
So on an assumed $100K account I would RISK $2500. Entry price = $112.46, SL = $116.78. So that is 116.78-112.46 = $4.32 PER SHARE LOSS if SL hit. That means Assuming I am RISKING $2500. That I can SHORT $2500/$4.32 = 578 SHARES.!!!
With 578 Shares * $112.46 Entry Price = $65,000 in the trade!!.
How would you like to RISK 2.5% loss with 65% of your entire Trading Capital on a Trade that has an 8.5:1 Reward:Risk AND >85% Probability of reaching Target Price?? I Take this setup EVERY SINGLE TIME I see it!!
This one was a no brainer!!
Trade what you see!
With this setup I RISK up to 2.5% of my Capital on this trade because of the >85% Probability of success and VERY HIGH Reward:Risk ratio.
So on an assumed $100K account I would RISK $2500. Entry price = $112.46, SL = $116.78. So that is 116.78-112.46 = $4.32 PER SHARE LOSS if SL hit. That means Assuming I am RISKING $2500. That I can SHORT $2500/$4.32 = 578 SHARES.!!!
With 578 Shares * $112.46 Entry Price = $65,000 in the trade!!.
How would you like to RISK 2.5% loss with 65% of your entire Trading Capital on a Trade that has an 8.5:1 Reward:Risk AND >85% Probability of reaching Target Price?? I Take this setup EVERY SINGLE TIME I see it!!
This one was a no brainer!!
Trade what you see!
Trade active:
Back down 14.5% in about 1 week. now under $100. Heading toward $77 before end of year.
Trade active:
Still on Target for $77 before end of year and likely 2nd Target Price of $60.
Down > 20% since this trade was posted. I am expecting a bounce in this higher over next few days to week or 2 but then fully expect it drop toward $77.
Down > 20% since this trade was posted. I am expecting a bounce in this higher over next few days to week or 2 but then fully expect it drop toward $77.
Trade active:
Since this post on Sept 1, 2022 we are more than half way to the target price of $77.
Price just broke down from TL Support and has closed today below yesterdays low after retest of broken support as resist. $77 here we come. Target #2 pf $60 is also likely before end of year.
Trade what you see
Price just broke down from TL Support and has closed today below yesterdays low after retest of broken support as resist. $77 here we come. Target #2 pf $60 is also likely before end of year.
Trade what you see
Trade closed: target reached:
Target Reached on this trade this week. Trade closed at $77
