Entry - $7.60
Target 1 - $8.30
Target 2 - $9.65
Target 3 - $12
Stop loss - $6.79
DB is at an important Fib level as well as showing Bullish Divergence.
Be aware that this is a contrarian play and a countertrend trade. However, this area has a good chance of being a medium term bottom and we might be catching a trend reversal here which can be very...
Using a tight stop here with a wide target due to extended nature of this last impulse up and the fact that we're almost perfectly at the 1.618 extension of the last swing high -> swing low.
You can tighten your stop to directly above the highest wick of this impulse as well if you want to increase the Reward:Risk Ratio.
The other thing to watch is the...
The 6.3K area is an important Fib node and historical support. I'll be looking for divergence on the MACD/RSI, Positive CMF and green histogram bars on the TTM squeeze at this area.
If I see those things I'll be going long with 2X leverage and letting go of half of the position at +2% and then half of the remaining position at +5%, letting the rest ride until a...
Papa gonna take it in the shorts. I forgot about this guy and this company until I saw his recent interview.
-At important fib levels and historical resistance
-I'm bearish on restaurants anyway due to slowing growth so this lines up with my forecast of this sector
-I don't see a lot of demand for Papa's and if it sells of I wouldn't expect a lot of...
Likely levels for BABA to float to EOY to early 2020. Based mostly on Fibonacci levels and BABA's usual volatility.
I lean to the long side due mainly to the trend and CMF. I'm looking to buy calls due to the squeeze, after a pop I'll look to sell cheaper calls against it to take some profit.
BABA will also begin trading in Hong Kong this week I believe. We'll...
I think a leg to the 320 area or back down to the 303 area on the SPY are likely. Personally I have a bias towards the 320 side as we approach the anticipated completion of the US/China trade deal. Whether we actually get the deal or not is a coin flip in my opinion but I do expect the market to continue rising in anticipation. If it falls through then we will...
Based on the divergence and slamming into a cluster of important fibonacci levels, I think a ≈5% correction is in the works. Looking for shorts at these levels and will look for longs in the boxed in area accompanied by other "buy signals".