Background NIFTY filled the large gap it created - . This is the zone, where I expected sudden movement and stood away from trading in that zone. This gap is not filled and NIFTY is looking as bullish as it can get. So from trend following perspective, only 'the stupid' trader can short NIFTY or BANK NIFTY. But very few times, crazy traders can bet on...
Pretty Obvious that this is WAY beyond the BB std dev. for 4 days in a row and likely to revert to the mean of at least $60.
JSE:MSM - Reversion to the mean trade - Price is breaking out from its consolidation - SL Below R38.11 / TP R65.35 R/R 1:2 - MANAGE YOUR RISK - Disclaimer: All ideas are my opinion and should not be taken as financial advice.
Using our weekly Arbitrage Band we see that GE is at a 3 deviation mean reversion which means within the next 6 months we are expecting it to revert back to it's means because it has fallen too far too fast. See you at the top!
I think CMG has accumulated way too much hype and expectation in the recent run-up, which has caused the stock to rise above a flagging technical indicator. I expect that Earnings coming out Tuesday after market close will either disappoint or will fail to sustain the bull run any further, and that CMG will "revert back to the mean" by forming a significant...
EURCAD has respected the 1.554 level and is showing signs of short term weakness. The pullback after completing leg AB of the potential butterfly pattern has presented an opportunity to sell. Relatively flat 200SMA and 500EMA with price hovering above adds to short term bearish bias. The unhit weekly pivot makes for a good target. SL is placed at structure...