Counter trend trades should fall in one of the two cases: -> a quick and fast trade against the primary trend, expecting a pull back from the extremes. -> reversal points With that in mind, make sure you apply proper money management.
I wrote an extensive piece on NSPR in which I go into depth on the company and the potential turnaround story, you can find it here: rockvuecapital.wordpress.com Trading at a 77% discount to book value, an 81% discount to sales, an 81% discount to NCAV, and a 43% discount to net cash, NSPR is roadkill in the market. However, no matter how great the value may...
Tesla bullish over the long-term however a short-pinbar price action occured at 14-Feb. Chart: Daily Action: Short Stop:288 Entry: 280
I have been operating on the assumption that the Dow Jones TVC:DJI will reach 20,000 as it certainly Makes America Great(er) Again(Than before 20,000)!!! *insert charming sentence about the interrelated...ness'... of markets* Thus the S&P 500 will likely also rally... that takes us to the end of the macro (arguably still mostly technical) analysis portion, thank...
Flag or Pennant ? Both would be bullish ... Play with time-frame, it seems to match a pennant on most... However it may be neither, although there are many within it. That tends to serve as a confirmation! The SPY is an index based ETF for the S&P 500...
I'm pretty sure 97% of people were short DB lately, and pessimistic about its outlook. I was on that bandwagon, and shorting every rally for some time, but the latest developments made me change my mind on it. I think we have a great opportunity to long the stock here, if not already in that is. I'm in with a 0.25% risk position, and will add gradually to it,...
The double top at the top of the chart has in fact finally reversed price as bears took control of the market The neckline has been broken Will now wait to see a retest of previous structure levels in the potential reversal zone (green rectangle) Look at price action for shorting opportunities here The 618 retracement would be most ideal, but it was a pretty...
There are 4 signs of bearish reversal. -Bearish Engulfing -Bearish Pinbar -Follow by again Bearish Engulfing -Strong break of 20 SMA Find the way to join the bearish trend, possibly on retest of previous bullish channel.
Wait for price action for bearish reversal near 0.95500 - 0.96500.
NOT MORE THAN 1% RISK, VERY SHORT STOP, BREAKEVEN, TRAILING MUST BE APPLIED. LIMIT ORDER
Knowing when to get into contrarian assets is essential to trading in Keynesian markets.
Watch the lines. This chart tells us when to switch from bubble assets to contrarian assets.
I am not the author of the seekingalpha article even the though the title looks similar. I just find it cool and it rings. For followers of Stan Weinstein chart analysis (do google this up, his technical analysis methods are really easy to use), you would have noticed that KORS has just exited stage 1 and is now at the possible start of stage 2. The high volume...
trying to find a bottom in one of the possibly must unloved shares there is. Contrarian play at the extreme?
I should note that I'm a former employee of the company, and thus am influenced by my perception and my knowledge of the executive team. Basically, in spite of the damaged balance sheet and prospects of regulatory constraints that will limit growth opportunities, I still see a crashed market that offers a contrarian opportunity and an executive team that I know...