I am bearish PHG but Earnings upcoming the 22nd october. I want to see how that plays out first, even considering we recently had a pretty drop and there may be an organice retracement to the upside.. That also means I may lose a very big chunk of profit if earnings are bad. But thats how I feel for this.
Hidden bearish div on higher TF.
I would like, but I doubt...
XPloRR MA-Buy ATR-MA-Trailing-Stop Strategy
Long term MA Trailing Stop strategy to beat Buy&Hold strategy
None of the strategies that I tested can beat the long term Buy&Hold strategy. That's the reason why I wrote this strategy.
Purpose: beat Buy&Hold strategy with around 10 trades. 100% capitalize sold trade into new trade.
My buy strategy is triggered by...
With general market weakness (or exhaustion, if you like) we are focussing on new short-entries for the near term (1-3 months).
PHIA ( EURONEXT:PHIA ) has shown a recent breakout failure followed by the setting of a new lower peak. We expect prices to take out the trigger at
31.25. The first target comes in at 29.55 and we suggest keeping stops tight at 32.15....
General thoughts:
- There should be some energy left for at least another wave up (volume, resistance / support)
- It will face some difficulties with breaking the all-time high, so some consolidation after it has touched would seem appropriate. I already bought at 31.5, looking to take most of the profit inside the yellow box.
Stop loss:
- Stop loss is riding...
Waiting for a retrace back to support levels on chart. If the previous RSI is anything to go by, it should set up a nice long as the RSI reaches support.
However the wedge could turn bearish is support is broken....
