Ready for the dead cat bounce
With the FED stepping in with its ''unlimited'' quantitative easing, the indexes and underlying components are poised for a pullback to the upside that should give a lot of hope to infvestors. Beware of this pullback as most likely in will be temporary while we wait for unemployment to spike.
Short term long into long term short.
see below this idea back from 2018 that showed that BA was already tremendously overvalued, what were seeing is the result of corporate greed and share buybacks. The COVID-19 fallout is nothing but a convenient scapegoat.
Short term long into long term short.
see below this idea back from 2018 that showed that BA was already tremendously overvalued, what were seeing is the result of corporate greed and share buybacks. The COVID-19 fallout is nothing but a convenient scapegoat.
Note
Trade closed: target reached
target reached at open. take profits.Trade closed: target reached
Limit reached for full position closure at 161
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