Write sometning about your psyhology thinking before trade? I am back again it is very psyhologicaly difficult when you loose
Describe the trade. What you see? Price will go from lower support to upper resistance, it will start at a little less than 7 snf dzop at least 8.50
What have I done well for this trade? that the support and resistand works
What can I take...
Key levels: 7.85, 8.28, 9.33
Watching for play inside 8.28 - 9.33 channel.
This move is one of the few lining up for an immediate bullish play, that being said we will have a tight stop loss, considering slippage, but overall a great setup for a slow grinder 3 - 5 months for that 12% gain.
1. An asymmetric bullish/bearish pennant is drawn using ascending and descending curved trend lines with a minimum of three price action touche points per line. The direction is determined by the previous trend.
2. The angle tool is applied from the earliest two trend touch points, beginning at the earliest touch point.
3. A trend-based...
$PVG Forming a tight triangle pattern on the daily chart leading into the next earnings release in mid-November. Near term options looking fairly cheap - could be a nice setup for straddle/strangle play. See chart for a couple possible near term targets.
Note: Informational analysis, not investment advice.
The stock has traded well on this basis for the period indicated.
If the gold price is supportive this summer and there is no bad news then we can likely see PT-1 $8.83.
If gold rice is supportive and they surprise with consecutive positive earnings announcements - then we may have an opportunity to see PT-2 at $12.
PVG looks like it has formed a triple top. If you look on the weekly and monthly charts, the indicators have turned negative and this formation is propionate in all of them. I have set a stop at the top of the gap on the daily chart and target at the price projection mirror. One note of caution, this stock has already plunged into a support zone and has an...
PVG is a "Streath" call from way back - It came in our fallen angel scan recently & now we are also looking as a Downward channel play. It is looking a very strong long from current price.
Entry Target Criteria- Break of $8.30
Exit Target Criteria- $12
Stop Loss Criteria- $7.77
You can check detailed analysis on PVG in the trading room/...
Pretium Resources bottomed about two years earlier than many other miners. This should be wave (4) of primary 3, and technically still valid, but I'm skeptical perhaps something else is in play. The move up stopped near the 100% extension of primary 1-2, a typical A=C corrective target. However, its also a typical (3) of 3 target so I gave it the benefit of the...