We will not consider a short here unless this name gets up and extended to $1,300 at which time we'll be looking for a 30% from those levels. Do your own DD - shorting is very risky. #trading #stocks #fintech
Biogen has lost over 30% of its value this month. Looking at the monthly chart, we have concluded that this is a rare investment opportunity as the current price is just above its 1M Support Zone.
Historically we see that such an aggressive sell off recently took place in 2015 - 2016 and again the stock managed to recover almost reaching the 390 Resistance...
crucial week? sometimes you've got to say screw watching technicals the robots dont give a crap about technicals. the only thing they care about is cold hard statistics. we're still in a normal standard distribution. that being said here's the good bad and ugly based upon the monthly candle and current IV and 30 DTE. i used a standardized version of expected move...
...but we're not likely to see a bounce until CGC and the S&P500 find their bottom and bounce. I'm looking at the potential we've set a major top on the ACB chart that will be revisited later down the road, but without getting ahead of ourselves - first we have to find that support to bounce from, and see the strength of that bounce in order to best anticipate...
Very disappointing to see the daily bear breaks after the bull break fake-out on Wednesday. Strong correlation to the overall market, and we're now waiting for the potentialy of an oversold bounce later this week or waiting for the hourly chart to give us another signal in the midst of a favourable daily setup
XLF is an ETF that tracks the financial sector - one of the largest sectors in S&P. The chart reflects a strong rejection from a major HVN (high value node) as well as the level where the downside conviction had started back in December 2018.
The price has closed right at the edge of the large value area. Usually, a bounce is expected. If the level gets accepted...
Position trading only. avg. volume is below 1M, try at ur own risk. There will be 2 levels from which you can try to short - 1. Hourly chart. most recently we broke through $200 level, so u can try to short on the retest of this level. I wouldn't recommend to short right now, unless u can afford $10 SL. so, short @ $200, TP $190 or even lower, depends on whether...
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