A clear divergenge between the price and both the MACD & the RSI
suggests that a bounce is on the table!
As always a protective stop moved upwards as the price rises should be
put into place. At this stage, the long position will be closed out when
the price hits the protective stop currently placed at 70.61. As mentioned
above, the stop will be moved up as the price rises until stopped out!
Disclaimer:
This is not trade advise! No liability will be accepted for your trading losses!
RaSantana's ideas or publications are meant for educational purposes only, and are
given in good faith! If you are unsure or have any doubts about your actions, you
should seek advise from an investment advisor!
It must be realised that I am a human and as such, even I can make mistakes! :)
Errors in judgememt and misinterpretations can and will occur, so trade at your own
risk!
I hope that you will find some of my ideas helpful & useful, and if you like them I
would encourage you to click the LIKE symbol.
Wishing you all the best of luck in your trading and investment activities!
suggests that a bounce is on the table!
As always a protective stop moved upwards as the price rises should be
put into place. At this stage, the long position will be closed out when
the price hits the protective stop currently placed at 70.61. As mentioned
above, the stop will be moved up as the price rises until stopped out!
Disclaimer:
This is not trade advise! No liability will be accepted for your trading losses!
RaSantana's ideas or publications are meant for educational purposes only, and are
given in good faith! If you are unsure or have any doubts about your actions, you
should seek advise from an investment advisor!
It must be realised that I am a human and as such, even I can make mistakes! :)
Errors in judgememt and misinterpretations can and will occur, so trade at your own
risk!
I hope that you will find some of my ideas helpful & useful, and if you like them I
would encourage you to click the LIKE symbol.
Wishing you all the best of luck in your trading and investment activities!
