NSE:BSOFT small cap IT stock is forming channel pattern.
This stock is trading at 50% below its all time high, but producing good result, hence giving wonderful opportunity to take high returns when US market turns favorable.
Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common.
Caution : This is a...
Hello traders, as you can see GU is retracing to the upside but overall GU is on a downtrend. So I am expecting for it to reach 50% or less and a double top for a continuing to the down side long term to 27% which is my target for next week. Next week it might make another retest on the neckline if it forms a double top. Thank you for reading!
We are making lower lows with less and less volume while hitting the previous POC, this could be a sign that sellers are running over.
I think we could retest the current value area, maybe a 50% gain in the next month?
Let's see, risk-reward makes sense
Swing trade for MNET to achieve a 3 target trade for 68% ultimate target from 45 cent to 76 cents. Be aware that Twitter influencers believe and shill this is going to $1, so be ready for them to dump early as well.
We are facing nice demand zone that worked well in the past and we are also trading at current value area low.
SNX seems strong also against BTC at the moment so I expect a nice rebound from here, let's see if the others buyers agree.
The trade setup has the entry above my demand level and stop loss below it, the target is near the POC of the current value area
*Not financial, trade, nor dating advice.
This is a snipe of an asset that has been severely impacted by Covid lockdowns and, in so saying, could be an extremely volatile play if a variant makes headway through Summer and Fall. I don't have a prediction on when this trade may play out, but I'm getting very interested what I see on the chart.
It's in a great...
hello everyone! We can see that banks are in drawdown since they sold before buying.
This means they need to mitigate their positions moving the price at least
to 50% of the last bearish candle before the reversal. I will only enter the trade long if this happens
After earnings NASDAQ:SRPT tanked HARD to what was a prior support at 126.53 where I had entered back in September. I watched this closely with a residual positions to see if it would hold it or break the level. I wanted to have some skin in the game for SRPT to retest the highs for the long term. So far today it looks to be holding that level as it has...
I'm really proud of my trade and position on NYSE:CMI not just for the profit but the beauty of clear price structure which I wanted to share. This is clearly a BULLISH stock on a run but within it are some positive teachable moments. Multiple times it has held CLEAR price high/log inflections along with 50% retracement levels.
Trades like this are why I love...
This afternoon after 1pm in the "zombie hour" there was actually a great trade on AMEX:SPY . I missed it because I was at the gym when the signal came in but I wanted to make a video about it for my own posterity as to what makes a "GOOD TRADE!"
What made it a good trade is that the reversal signal occurred right at the 50% retracement of this week's big price...
