SP500 fell lower but gain back all its losses quickly leaving a pin bar on the chart. The trend is bullish which add weights into this trade. My first target would be the resistance above at 2,117. Why I go long:
Bullish trend
Pin bar with long wick
Price rejects the 2,089 support level
BIDU has been giving out surprises with its earnings over the last few quarters and price pullback to a really nice support level that shout at me. It might goes down from here but we can have a tight stop over here! Why I go long:
- Strong Weekly bullish trend.
- Key support level.
- Growth in earnings over the last few quarters.
- China market is heading to the moon!!!
Still trading on CME? It's time to trade the CME at least for now! Price has retraced to the 82.60 support level in quite a strong bullish trend. Simple reasons to long:
- Strong bullish trend.
- Rejections on 82.60 support level.
- Low risk trade with stop below the recent low.
After the earnings release, LCI fell off the cliff and recently found its ground at the 46.50 support level. Waiting for a slight pullback before entering long. Reasons to go long are quite simple:
- Bullish up trend.
- Price rejects the 46.50 support level.
- Consistent growth of EPS over the last 6 quarters.
- Bulls that have bought on earnings day are squeezed.
The trend is bullish at the moment with price rejects the 45.60 support level. Looking forward for price to rally higher while collecting dividend. Reasons to go long:
- Ex-div tomorrow
- Up trend
- Rejections at 45.60 support
