NASDAQ:PZZA took the 10day outside-inside-up (the 3-1-2 Chicago #TheStrat) showing it's attempting to expand the range.
Been stuck there awhile.
Time to squeeze the shorts and take it back to the triple digits.
Entry was $83.65 (10day up)
Stop $71.61 (could be managed tighter at $83.16 or trailing with a PSAR on a suitable timeframe but letting this swing with...
- Another stock which formed an inside week
- Above R32.49 will target R35.37
- Longs are favoured as depicted by timeframe continuity ( trend)
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
- Sasol formed an inside bar (#1) for the week past.
- A break above R135.43 will target R146 which is the high of the "mother bar" or previous candle.
- Below R130 could signal a pullback towards the lows of the week
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
Tomorrow if AMZN breaks today’s inside candle to the downside and closes below 3173, that would create a compound 2 down taking out the previous inside day to the downside. This could in turn create a compound 3 down on the weekly if it continues down next week and takes out 3064.55. Then we possibly trigger the monthly which is a 1 down doji now, to possibly go...
2-2 reversal on the 30 min. AMD has been showing some weakness. Going to be watching it tomorrow for some more drop.
Congrats to all the SNAP, PINS, TWTR holders. Sorry to all crafty ETSY people.
- Naspers is still trading inside last week's range
- Note where we are at the upper end of the broadening pattern
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
JSE:NPN
Originally was thinking short once it broke yesterday’s low, got stopped out. 3-1, Chicago on the hourly. Top green line is weekly open. Crossing that means full timeframe continuity to the upside.
So machine gun pivot is when the price goes back through previous range and stops are blown through.
An example of this is DKNG. Big move up, then falls are through the previous range.
Watching for SNAP to do this.
