PontusTrader

PontusTrader

Bullish dead cat bounce on Greek stock market ETF.

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Price outside bband, am considering shorting if price moves above BBand tomorrow

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This one is funny - clear distribution of shares going on here. This is just for me to observe and learn how price action unfolds over the next few days... but I think the direction is down.

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Irrational exuberant bulls buying from smart money who are distributing shares - also notice the volume. I think a move up to that circled price range is a good opportunity for shorting. Plus HON respects BBands on the daily. Will be keeping my eyes on it for Monday.

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Outside daily bbands after heavy downtrend, huge volume (capitulation), and hammer doji spells bullish to me. Just making a record of it - not taking any position on it.

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Outside BBand, time to drop.

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Stock respects daily BBands

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Upside breakout, no volume confirmation of break out. Outside daily BBand demonstrating bullish exuberance and exhaustion. Easily can be a fake out.

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Potential short if another strong move up happens tomorrow. Guess long holders didn't learn the first time around!

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High volume, overextended on daily BBand. Short potential if another move like that happens tomorrow. Will keep an eye out!

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Overbought based on daily BBands

PontusTrader

I see a price reversal tomorrow. Reasoning: 1) Price outside lower BBand by alot and for two days now 2) Price move is large 3) Big volume means big money absorbing shares from cannon fodder