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LuckyDinAZ
Nov 2, 2018 7:46 PM

Doji under Bollinger Long

SPDR S&P Oil & Gas Explor & ProductArca

Description

Long based on doji formed from support line. Lots of negative momentum has been stopped temporarily. Tight stop will be in place with a direction to be determined like the overall markets after the midterm elections. Anticipating positive movement before the elections as long positions are taken for a short rebound, opposed to a longer downtrend which will offer a much longer window to capture gains if the downtrend continues.

Comment

Running into resistance at 20day ma stop loss set for half of the position at todays low and remaining at entry price.
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