Hold and enter Short positions as soon as direction is confirmed
Long position around 250-260
Buy below 60$, 30% growth potential.
Buy 72.50 with stop loss below 68 support
After touching support around 73$, it's likely to increase 20%
suggested entry price between 130 and 140$
Reccomendation: Hold Entry-point: 900-920 Exit point : 1100-1130
Suggestion to hold until the stocks takes a clear direction, possible up to 23% downward correction.
The long term downward trend is yet to be challenged, but the current movevement offers short term trading possibilities
SPH has bounced on the historic resistance (10 years) and may be in the processs of forming an updward trend
After a possible double top, COP is likely to fold back to the mid-trend support line(-7.7%) or bottom-trend support line (-14%). Crude Oil WTI Futures are currently following a similar trend.
The stock presents a very peculial long term pattern, alterned by downward triangles regularly breaking up.
NVDA just broke an historic support level