SMA50/200 as support
OBV> OBV34
Entry 2.3
Stop 1.8
Target 5.5
Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test my trading plan with small cost.
I'm watching for $4. Just wondering if it will pass through the smaller fibs to shoot for my first big fib (236) at $5.20. If it does, that's a 72% gain from today. A bunch more in options!!
NYSE:CMCM is break out from the multiple bottom consolidation area and is now target 2.38$, 2.54$ and 2.87$. Any pull back towards the break out level at around 2.15$ is buying opportunity. The move is backed up by positive earning for the past two quarters, it is always convenient to long stocks that are bullish technically and fundamentally. I would place my...
I like the chart here. Chinese stocks have been rallying lately and CMCM has a history of being a high flyer. I like that it closed over $2.14 which is the .23 Fibonacci level and would like to see it break the .382 level as well which is also very close to the 200MA. I will go long for a swing over $2.22
Contextual immersion trading strategy idea.
Cheetah Mobile Inc. operates as a mobile Internet company.
The demand for shares of the company still looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $2,71;
stop-loss — $2,41.
Information about take-profits will be...
Hey people im back.
Anyways let's get to it.
$CMCM seems to be a great trade (always short term on my mind)
Everytime they drop they do 30% - 50%. its now done a 50% drop. The max pain will be 10-25% but gains can be more than 100%.
Cheetah Mobile has beaten earnings estimates on 8 out of its last 10 earnings dates. That makes it a good candidate to win again. Generally, when Cheetah Mobile beats estimates, it rises for just a single day and then falls again the day after. I've made a $500 bet that we get an earnings surprise, and I will liquidate the position tomorrow morning either way.
As...
An intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the correction of the uptrend movement.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
CMCM is forming a possible flag formation on the Hourly frame. At the break of this setup it can go at least to $14 are reflecting the top breakout.
But if the breakout occurs as a longer term flag setup, it can go as high as $15 to $15.13
* Trade Criteria *
Date first found- March 14, 2017
Pattern/Why- Flag formation
Entry Target Criteria- Break of...
