YRD is a p2p online lending company. P2P lending stocks like Lending Club has been going through bloodbath for recent years.
Must be cautious if the price breaks down IPO price, if not, we should see it bounces up from that level.
Waiting for a bounce from this level and buy the stock on pullback.
XAUUSD has been bullish for months and now the price failed several times in breaking up the long term resistance level.
We are looking for a short setup around 1480 where the price sharply broke down from 1500, there's a good chance the price will retest 1480 and goes down sharply AGAIN.
With the holiday season, usually the market keeps going up and the risk...
Long term bottom at $1.6 from 2016, AKS is now around the low level.
A wedge is forming now and we should wait for it to break either up or down, then enter long or short positions on the break/retest.
I'm biased about price breaking up the wedge in the next few weeks.
However, one of the most important things about trading is the patience to wait for an...
SP 500 just nailed its all time high and now moves in an acsending channel, which indicates long term bullishness.
In short term, the price is hitting ceiling of the channel AND formed the AB=CD pattern, we should look for sign of weekness and reduce exposure to long positions.
Activist speculators need to confirm the short setup and looking for...
ZM after its big pump since IPO - has been fallen, and now back to its debut.
Usually a support level will be formed around IPO price and hopefully a bounce will be seen up to its next resistance level.
Waiting for a sign of bottoming around the IPO price, and set up long positions with stop-loss at the bottom around 60, aim for higher price around 73 to...
Establishing a moderate position on WORK, since it is still in a down channel so I said 'moderate'.
If it goes right, sell half position at 2:1 risk reward ratio, and aim for 3 times of reward to the stop loss.
For now the risk is only about 1.5 dollar per share, so calculate the position accroding to your account size. If your account has $10K and...
There're a lot of shorts around this area with tight stoploss and small positions - because everyone is cautious of shorting when SPX is at all time high.
However, long with tight stop at 2930 may work better here. I hate to see a breaking out on SPX but have to be prepared for a melting up to 3050ish.