Call me mad or call me mad! retracement due. Healthcare sector looks set to retrace. With Market looking overstretched a speculative trade with TP points shown in Red.
Call me the Madman shorting the undervalued stock!!!
Government crackdown on China tech has really set in. Now tencent is currently has had a similar low point to 2018 approximately 40%. Investors are stuck at a junction to decide whether the price goes up from here or down. If we take similar sell offs based off previous we see tencent at about 170, a further 60% from here. If we take the fundamental approach we...
Took this trade in anticipation of the flush up. Factors included Index turning bullish, parabolic SAR, Stochastics, and MACD turning bullish.
Target price based off previous flush up distance, and also at next support
Speculative trade on CCIV that looks as though ABC forming. On the upside. Have lower SL as resistance on the way up and belive could bounce down to 32
Short position set on BLI as a kind of Hedge against the expensive Market. With a flush up bar to force the top (only Just) I am entering this trade. BLI a very poor fundamental company with earnings the start of August. Zacks estimate -15%.
Looking to get out at 2R, however should the US Market as a whole turn sour I will hold for much longer
An entry based off technicals. Upcomming earnings could play a factor on 2 Aug, however Zacks rating is predincting a 15% increase. Entering based on most turnarounds so far have exceeded earnings estimate.
Look to exit before Earnings if 2R target achieved. Target of 95 should earnings be positive
