XNET, a huge runner over the past two weeks. #GAP-UP has been a consistently performing trade, however in the last two days #GAP-DOWN has come into the money despite the presence of brutal morning spikes. If shorts get deterred from playing gap-down here, we could see huge potential gap-down profits, ideally a slow and steady decline to hit gap-down profits day...
XNET is a perfect stock for my strategy. Needs 2 days of patience before RSI drops down to 70. The stock is over extended, up 150% over last 3 weeks. MACD Histogram has flattened out at the top, telling me it is about to turn over and head downward towards 0. If you wait til Histogram gets to 0, you will miss the first big drop on the stock. I use Histogram...
@ 2-year resistance after a bull run but ending in strong selling
XNET- Long Trade Logic: Oscillation trade, Bump & Run XNET tested this same price (5.27) in 12th Feb & instantly jumped to 6.09 in next 4 days. So we are expecting a similar kind of run. However we are taking very small risk here for a potential big gain. Entry Price: 5.27 Target Price: 5.73 Stop-Loss: 5.11 You can check our detailed analysis on XNET in...
With the move on Friday, I think XNET is in wave 1 of III
Full disclosure. I do not have a lot of faith in my EW analysis yet. FWIW
Think this will drop soon. Not sure if C of II will be a 3 or 5 wave move. Looking for > 6.5
under the hood, look like it might rollover like last time. no position
still keeping on watching list. one of these days, it will have its day.