Top of the downward channel.
Frozen rope rise.
reaching volume POC and previous congestions.
Extended from 50D.
PE 27 high compared to growth.
Institutional support dwindling
Total Risk: 3.87%
1. previously have failed the 150-151 resistance 5 times, could work again.
2. short term extended. 25% above low.
3. big earning drop and no-reason bounce with the market.
4. Fundamental deteriorating, earning, sales, margin all dropping. Yet PE still high at 32.
5. Institutional support is dwindling
TLT has multiple climax bottom signs:
* Precipitous drop: 23% in 60d.
* Exhaustion gap.
* Gigantic volume.
* Extremely extended from MAs.
Expect a reversal in the short term. May bode well for the equity market. NASDAQ:TLT
This is a post trade analysis of GDS, which offered two exceptional low risk entries. I entered in a less ideal point, but luckily it ended up ok.
Some key point of picking a stock and design a trade:
1. Make sure the fundamental fits CAN SLIM principles, i.e. on an accelerating growth
2. Check the big picture: a. multi-year uptrend; b. consolidating and ready...
In my last post, I mentioned that BABA may be heading towards 200MA, and there is strong support below 250. It turns out the support is at 252 (Orange line), which we have tested twice already. 252 is also the center of the previous base in Jul. In addition, the 200MA is catching up, now at 244. So I think it's getting harder and harder for BABA to dive further....
PDD has been consolidating since the earning jump. The consolidation is very healthy in that: 1. price is tightening, a ascending triangle and a bullish flag is emerging on the chart; 2. Volumes patterns give me high confidence, up on strong volume while down days are often in low volume.
Going forward, there are two key levels to watch:
1. $145, which has been...
First let's take a long term view, MOEX on Monthly chart has made a huge 4 year cup after a great 4 year run:
We are currently breaking out of the cup formation, long-term this is bullish.
Now let's zoom into daily chart:
* Early Oct, I thought MOEX was breaking out of a ascending triangle , but it was a fake out and...
First, BABA is a great buy if you are in for the long-haul. However, with the recent news related to its Ant IPO, it looks like BABA is heading towards 200MA (purple line @ 240). Right above 200MA, there are resistance in the range between 240 and 246. So I'd pay close attention if price falls below 250 and put a buy order around 200MA. Since 2019, the 200MA has...
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TLDR: Wait for signals before getting into EPR. There maybe a rebound soon but chances are more on the downside.
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STNE is close to the end of the current consolidation:
1. Price range getting tighter.
2. Volume has been dwindling.
3. RSI is breaking out of 21 MA.
Watch for the following confirmation for entry signal:
1. Price break out of the 55.5 level
2. Volume increase.
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The 20Y chart shows NNN is on a steady ascending channel .
The 20Y CAGR of NNN is 10.97% vs SPY's 9.86%
Out of the past 27 years, NNN traded below the middle of the channel for only 5 years.
It's now been trading under middle of the channel for 6 months. This is combined with that the RSI was at a historically oversold level and is turning up pretty decisively....