wheres the bounce? needs to bounce here or its going to get ugly... airlines across the board are green on 8/26 but this cant get out of its own way. interesting to see it hit it head on the 20 day average quite a bit. still holding and averaged down on 9/13 calls.. GL
Nothing too crazy here, just NASDAQ:MIK making a fresh new 52wk low while showing some bullish divergence. For study purposes i would be long this stock for a short bounce. lets see where it goes Everything here is purely my opinion, and in no way advice or recommendations on making trades. I may or may not hold positions in the instruments I analyze. Cheers, Les
The second trade in the £800 to £1 million challenge is a short on Vienna Exchange Stock Zumtobel. In my first post, i highlighted that during the challenge i will be using Put Options to go Short. There are 2 reasons for this. Firstly i love Options Trading and secondly i feel more comfortable with a maximum loss. Buying a Put Option allows me to firstly reduce...
Large gap to fill to $6. Lots of people shorted based of this charts price action finviz.com but as I look further I find this is inaccurate. If this breaks $3.20 again it has no previous resistance till $6 and the RSI is very oversold sellers look to be exhausted.
endp broke 52 week low on high volume but as of yesterday ENDP announced that the FDA Drug Safety Risk Management and Anesthetic and Analgesic Drug Products Advisory Committees had voted in the ratio of 18 to eight and consented that the benefits of reformulated Opana ER (oxymorphone hydrochloride extended release) no longer outweigh its risks. Which could be seen...
watching rig for breakout continuation off major support all time low