Watch NASDAQ:BIDU NYSE:TME AMEX:CWEB NYSE:BABA NASDAQ:NTES NASDAQ:PDD . Most are breaking out
Scoop up some strong ones!!
Reasoning
Whole Industry is moving!
Divergence between Composite and RSI on 4D chart
Consolidation seems done
Correction is not overextended
Multiple Bullish Days
Always try to use 2 timeframes
My Would Be Trade...
Direxion Daily CSI China Internet Index Bull 2X Shares forms bullish "Diamond Bottom" chart pattern
"Diamond Bottom" chart pattern formed on Direxion Daily CSI China Internet Index Bull 2X Shares (CWEB:NYSE). This bullish signal indicates that the stock price may rise from the close of $50.19 to the range of $61.00 - $64.00. The pattern formed over 25 days which...
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that,...
I'd like to see a retest of the wedge for a safer entry or a consolidation for a few days above the green line around $12.35
The daily RSI has also broke resistance which is typically bullish.
Lately CWEB has been sold off after going above the 34 EMA, it has to stay above that to gain confidence in a long-term uptrend.
Description
CWEB has been working it down from its ATH since FEB of this year, and has gotten stopped up in the congestion pattern.
I have been watching it to pick a direction to enter a position and it looks like it finally has broken to the downside.
I have been using Long Puts in all my short positions because I do not want to cap my downside potential to...
By Sun Storm Investment Research
A Profit & Solutions Strategy
Disclaimer: I am not a financial advisor, so please do your own research before trading anything
I'm a long term investor, who are using software with median renko and fibs to analyze charts(1 get up to 10 signals in a year), and i currently i think CWEB will go higher, i would set trailing stop to distance from the price to SL.
