TP1> If we manage to Trade/Bid above MAIN POC 3863,
we can go for 3830 > 3841 > 3862 (Range POC) > 3878 > 3913.
>To the upside, the level I'm looking it right now is the 3860, that's the POC of those last 13 days, we need to trade/bid above so we can try to break the LIS 3913/3915, where BULLS are losing the battle.
TP2> If we manage to Trade below MAIN POC...
Hello Traders. I've observed bearish divergence in NSE:ADANIENT . It seems strength wise resistance has been achieved by the price and now it's time for a small retracing wave.
In past few trading sessions indecisive, small and weak candles have formed. This shows the weakness and buyers are no longer willing to drive the price further high. 1715 is the POC...
Hedged put position just took ten spreads on Friday 13th for net debit $7. NOT recommended for fainthearted, Big risk/big reward (maybe).
There is support at former resistance ~342 - 345, targeting. Index is overbought and struggling to break above 370. GLTA!
We are taking a bearish position in SPY, S&P 500 ETF that represents 1/10th of the broad-market SPX. We are taking a bearish positions for both fundamental and technical reasons.
Our position is a bear put spread with expiry this Friday. We are writing the 296 puts and buying the 297 puts for a total debit of .73 per contract. Per contract, the max profit is $27...
GM Price Trending Down 9 Days in a Row. Since this spiral started on 28-Aug-2018, the stock has dropped -10.1% in total. This is the longest downward trend in the last year for GM. I look at Bear Put and Call spreads to take advantage of this trend. See full analysis in my video.
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