You can find the volume profile here http://www.napit.ca/?ticker=JCP&aggr=1&lb=12&pr=5
Will open a long position Tuesday morning with the specified limit. The stop will be moved according to open, but will remain above 17.80 - 17.60
Best entry price is 18.50
Gamestop is at it's at the high of the range it has been in for the last 3 years.
The target on the trade will be adjusted according to the behavior of the stock. This can be anywhere from a day trade to a medium term trade, depending on the market.
For an actual explanation head on over to ...
The prices on the chart are different from the ones in ThinkorSwim. Assuming that TradingView data is incorrect.
The target will be adjusted according to stocks behavior. This is planned as a short term trade (few days) but depending on the overall market direction could be extended to few weeks.
Why is this a ...
Our belief is that the markets will end the third week of December with a decline.
There should have been more responsive buying, which was not present. Not a good sign for the bulls.
A short video. Shows the weakness of bulls in detail.
Abercrombie & Fitch is showing signs of no demand and selling. This is a good shorting opportunity, especially if you are bearish on the market.
Watch the video for full explanation and analysis http://youtu.be/Ce5-fyZbxsY
The markets are likely to head lower in the morning and rebound after the FED announcement.
The sellers overpowered the buyers today indicating negative retail sentiment towards the FED announcement tomorrow. Also on Monday the market was showing signs of weakness.
Watch the video for full ...