Lovely break to the downside as I predicted last week. 1st target is 4263, then retrace to 4362. 2nd target is 4100. Safe trading.
In this trade we can see many pattern breaks on the way up, think there will be a final push to reach the 1:3 target. The stop is on 20pips so chance of getting stopped out is higher.
Expecting a slight FALL.... Decreasing Volume & RSI also indicates a weakness in price strength. Reliance flew after breaking it's Channel Resistance in the last 2 trading days.
Banks are raising the reserve lvl in anticipation of the rising loan default. Facing weaker loan demand, banks tightened standards across all categories of residential real estate (RRE) loans and across all three consumer loan categories. In addition, banks also tightened their standards and terms on commercial and industrial (C&I) loans to firms of all sizes.
TRMB is just breaking down through support from a beautiful upward channel formation. Money flow is very negative, and it has massive insider selling. We think it has very good downside potential. This would be a good stock short however, we would also consider $40 May-18 Puts. * Trade Criteria * Date First Found- December 13, 2017 Pattern/Why- Upward channel...
ADUS seems breaking down from an upward channel. Moneyflow going sharp down. Overall interesting short setup. * Trade Criteria * Date First Found- November 9, 2017 Pattern/Why- Support breakdown short, capturing the crash Entry Target Criteria- wait for a break below $31.63 (hit November 14, 2017) Exit Target Criteria- $25.17 Stop Loss Criteria- $34.33 Please...
If NEOUSDT continues to break through the bold upward channel, we will see a sell off toward the support zone. Ideally, the potential downward trend would reverse somewhere in the support and it would be a good time for going long. Conversely, if NEOUSDT breaks the red downward trendline and shows a large bullish candle somewhere along the bold upward channel, we...
NEOUSDT has broken through the boundaries of its recent bearish channel. We notice the price finds support along the boldest line. We should expect to see more upward movement throughout the day in response to this breakout as long as the price is able to break the $42 resistance level. Neo has a lot of potential and I believe now would be a good time to enter...
CC seems breaking down from longer term upward channel. It has a lot of insider selling, and P/E ratio of 72.33, where Debt to Equity is very high 10.06. We think it has good down-side potential. * Trade Criteria * Date First Found- June 6, 2017 Pattern/Why- Fallen angel pattern Entry Target Criteria- Break of $38.13 Exit Target Criteria- $30.74 Stop Loss...
CHD seems breaking down from an upward channel. It crossed down the lower channel line & seems it will go down further. We are looking for a quick short opportunity here. * Trade Criteria * Date First Found- May 1st, 2017 Pattern/Why- Upward channel breakdown Entry Target Criteria- Break of $49.32 Exit Target Criteria- $48.25 Stop Loss Criteria- N/A...
SIX seems forming a head & shoulder pattern. And now rolling over beautifully. The H&S pattern has potential to decline all the way down to $42. To play this we would consider $55 Jun Puts, currently $1.48 or $60 Jun puts for $3.69 Please check back for Trade updates. (Note: Trade update is little delayed here.)