The stock has reached lower trend line and took support and is ready for a reversal rally. Trade is supported by brokerage calls and swing low, major supports & 200 EMA before SL levels. Target is placed with a risk reward ratio of 1:1.
MRNA is hillariously overbought, with stochastics, EMA's, bollingerbands, MACD, and RSI on the daily chart all showing prime conditions for a short position.
Here's the chart showing those indicators:
I am going to be watching this on Monday and throughout the week, looking for a short position entrance. I played it on...
As you can see on the chart, clearly we are in a possible reversal zone to the upside .
My intentions is to start buying and build a position gradually.
The ultimate goal is to catch the next low inside the big triangle but the position will be adjusted according to price action , momentum and so on
best of luck :-)
Hello, guys hope all is well. Today we will be looking at $SPY and how I will play the market this week.
Based on the expected move for this week of $6.79 we are possibly looking at a range between $410.01 - $423.59. On Monday I opened the Put side ($400 / $398 and collected $9 per contact) of my Iron Condor and leg into my Call side roughly Thursday afternoon or...
Price broke out from the 121.77 level after some balanced price action between supply and demand. The breakout to the downside clearly indicates that there are more willing sellers than buyers at that price level. I expect market to pull back to this price level for an entry to sell the pair. There is a wide profit margin all the way down to119.7 giving me a low...
Hello guys, hope all is well. Today I got into a SPY $411 / $408 spread expiring 06/04 /21. This put credit spread has a 5 delta which gives it a 95% chance of it being OTM by expiration rendering it worthless. I was able t to get $9 of credit for each spread which would give me a 3.09% ROI for the week.
Hope you have a great day
MCX has given breakout to falling wedge pattern with a strong volume on daily timeframe and is currently retracing back to its support trendline (Earlier Resistance Trendline). Formation of reversal green candle near support line will confirm long entry.
It has the potential of reaching the target of 1800 within the next 1-2 months with a stop below 1460 levels.
LIT is about to break out from the strong demand zone. The chart shows little resistance so once the price starts moving up, it will fly! First stop will be $13-$14. I consider this trade as low risk because of the strong demand zone.
Stop loss not needed, exit the trade when a weekly candle closes below the demand zone.
Time to go long with HUYA - I'll keep this short & sweet to save you the "Car Salesman" pitch.
We've bottomed out on the .236 level and are looking to make a break through the $19 barrier before we take our first batch of profits at $21 being our next level of resistance. I'm setting a close stop at $18
Couple of other favorable factors;
- Increasing volume on...
Later this week and the start of next, we will be looking for Gold to throw a reversal on a smaller timeframe for a short position. We can see gold reversed on this week's Fib and support, headed towards our resistance on our Daily bearish flag. We have 2 potential trendlines for gold to reverse on and our Fib's 0.27 zone. TP will be on small support and we will...
This is my personal view on #GAIL for mid-term.
GAIL (India) Limited is an integrated energy company in the hydrocarbon sector. The Company's products and services include natural gas marketing and transmission, petrochemicals, and liquid hydrocarbons production (LPG, propane and naphtha).
Low risk high returns is what I see in this stock.
As we saw...