VEA I see rejection at $44, today closed below the sma50 on 2.72x average volume. Looks like a good spot to short with a max risk of 2atr (14) stop on close.
Hey there, thanks a lot for the update and for posting the idea originally. I follow all your posts :)
Do you have any target price, to the downside for this?
Also, do you have any particular view on the global/US market in the coming week?
Edogawa89
⋅
@Alix-Pimodan, No price target, but I like a return of at least 5x atr(14days) before taking profit. Shorted at $44, atr of this etf is $0.35 x 5 = $1.75 , current price $42.46 ... $44-$42.46 = $1.54 , close to $1.75
Zero opinions, my opinions are worthless, data and news are available to everyone, only price pays.
Edogawa89
⋅
Tested and rejected at the sma50 yesterday.
Developed markets, emerging markets, and China in a downtrend while U.S. markets are flirting with ATHs.
Do you have any target price, to the downside for this?
Also, do you have any particular view on the global/US market in the coming week?