Going Short - waiting for confirmation to violate pivot point
Initiated a trade today Entry: 139$ Exit: 143$ Stop: 1 ATR Double Bottom MACD cross over RSI crossing towards 50 Breach of pivot line
From doing all these analysis looks like we have might have a bit of room for bullish rally until we really hit those dangerous sell off zones Watching closely to see if it can do another bounce off 200MA looking for bounce confirmation and violating of pivot line for a short daily swing
Not a big fan of biotech price action doesn't really make sense to me, nor does waiting a long time for nothing to happen I know better now on how to play these stocks at least highly speculative, literally bottom finishing the lowest of the low strategy: looking to see that it is holding its 52 low for a good few months before entering a position that way...
Double top for SPY Double bottom for SPXU Only time will tell. Where is the price going?
Under heavy resistance floating around underneath the 200MA anticipate that may try to go for another crack at resistance but hit a double top and fall only time will tell not currently trading this, just sitting on sidelines waiting for price action to unfold Looking to buy an inverse ETF if I see price action reject the 200MA
Bought last year, way too high, down 60% in my position Realize I suck at holding 3-5 years long term Realize I don't like to bet on biotech/pharma companies who are constantly in development stage with no sales I find these companies sketchy with changes in management, awaiting FDA approvals, cash burn, lack of transparency on development of new drugs/trials,...
I'm looking to go long on EBAY on the hourly with the next 50 MA test Solid uptrend going with previous test of bounce and rally Looking to enter with 1 stop loss of 1 ATR target price at 35$ will probably take another week or 2 to see if this trade can unfold
I've been trading OGI in and out Looking to get back in for another LONG swing trade Waiting for price to re-trace before deciding to make a move once again
I can see it bouncing around in this channel from 20 -> 25/26 dollars if we continue to respect the 200 MA Broader markets activity may negate this analysis however I see 2-4 week swing highs and lows happening here