My favourable entry would have been at 1856.5, however the current price at 1729.0 is a clear break down of the 0.382 fib level
This is also tied to the overall bearish market direction and sentiment
Technology stocks have taken a beating and in light of the trade tensions and lower CN travellers, luxury stocks are in a very...
The break of $600 a key resistance point as a nice whole number and as the Fibs 0.61 point
ADL has been gradually rising and RSI is nicely at a 53%
Will look to enter 1 hour after London opens today
The R/R so far looks like a 1:1.5 ratio
With the close of Oct, money seems to be flowing back in the the markets
Midterms are over and it...
ALGN has had repeatedly good earnings and I believe last week's crash is an opportunity given the situation was largely driven by the broader market
Entering trade because ALGN current price is nicely positioned above the 200MA line and is one of the few stocks that has managed to be in this position despite last weeks crash.
I wanted to enter on the 24 Sep, but was apprehensive as price was not near the resistance line.
On the 25 Sep just around the open at 9.30am I realise that the price was near the resistance line and so I entered. I wonder if I should have waited till 11am where the market open rush would have normalised.
I think price will go down...
Semiconductors are crucial to the development of tech consumer goods. The trade tariffs are predicted to contribute to in increasing prices of tech devices for US consumers. This will lead to lower consumer spending.
Txn has broken 200 MA with new lows that is tied to above average trade volume vs the 30 day vol avg.
20% Account Risk
30% Margin used
Alibaba's price dropped in the first hour alongside the market because of the trade fears. I took that as an opportunity as Tmall owned by Alibaba is also participating in the 618 mid year festival. The key difference is that Tmall has extended their sales to the region namely Hong Kong, Taiwan, Singapore and Australia.
This means that in addition to China...
15 June JD.com had risen along side all major technology stocks including the NDXT. The Dow Jones however had dropped and this lead me to believe that people were exiting other categories and entering into technology as a safe haven. This could also be because of the trade wars chatter between US & CN that has lead to people leaving categories that had a reliance...
With internet video consumption increasing Netflix is in a pretty strong position with only potential positive news that can prop it up. Therefore a market wide tech dip is an opportunity for a short term trade to go long and sell at the previous high
Is used by Netflix, HBO, Hulu basically most IPTV providers. They are also the primary CDN provider for Netflix. With the increase of internet video consumption and the news around Streaming TV. There should be quite bit of hype that will allow us to ride Akamai. \u2028\u2028It also seems to be reacting better to the overall market movement with shallower dips and...
Overall price had been going up since April before suddenly peaking and then plunging on the 10 May. I decided to continue shorting it if it broke it's previous low as Tripadvisor which seems to be their key holdings seemed to be going through a rough patch of slowing growth. Also Tripadvisor's move from being a booking company to just a travel review site also...
Company's biggest and best bet seems to be their 20% holdings in Tripadvisor. With Tripadvisor losing steam, I see the price action falling at least for a short while. Especially since there doesnt seem to be any reason for prices to increase.
Shorting the height of the USDJPY channel as it has progressed nearer to the Daily S&R line. This is a tweak of my entry strategy as it ensure that any break in the momentum is fresh, unlike my previous trade
Been waiting for this since the start of the week when price broken the bullish channel. Placed an entry order below the Daily S&R as this is the second retest and the price action looks like the bullish strength has been spent
Waited for the channel to break, followed by the close above a daily S&R line.
TP is the height of the channel from the breakout. Currently it should have TPed but I wrongly placed my TP point abit above. Hopefully it hits it today
Nice long break out from the previous wave 1 high, this aligns with the price action nicely aligning with the top of the bollinger band.
Stop loss is placed below the high of wave 1. As a note i have placed the fib from the absolute bottom of the range to the peak. instead of starting at the break out of the original range