RCECAP - the set-up that I won't trade
Whatever at too, will down. Shall we catch the falling knife ? Some traders will, but some won't.
Over here, we unable to go for short, only can long. Know your market and trade accordingly.
>> 24th January, price start down, stochastic and RSI both are DC.
>> After that, stochastic is at OS area for couple days (until now). Some will argue that it's good to collect OS because it's at bottom. But bear in mind that Oversold will continue Oversold, and vice versa.
>> Hull MA is red, and price hardly sustaine above the Hull MA.
>> Currently price slightly above EMA 200, but as mentioned above, and it doesn't show any firm reversal yet.
Look for your own setup to trade, because only ourself can fully understand what the chart telling us.
When a stock / index has gone up substantially, we must be more care if we decide to get involve in it...
monitor closely and be agile....
we cannot PREDICT what definitely will happen ~ we can only RESPONSE to what we see!
Disclaimer: Mentioned stocks are solely based on own opinions for education and/or discussion purpose only. There's no buy and/or sell recommendation. Trading involve financial risk on your own. The author shall not be responsible for any losses or lost profits resulting from investment decisions based on the use of the information contained herein.
Over here, we unable to go for short, only can long. Know your market and trade accordingly.
>> 24th January, price start down, stochastic and RSI both are DC.
>> After that, stochastic is at OS area for couple days (until now). Some will argue that it's good to collect OS because it's at bottom. But bear in mind that Oversold will continue Oversold, and vice versa.
>> Hull MA is red, and price hardly sustaine above the Hull MA.
>> Currently price slightly above EMA 200, but as mentioned above, and it doesn't show any firm reversal yet.
Look for your own setup to trade, because only ourself can fully understand what the chart telling us.
When a stock / index has gone up substantially, we must be more care if we decide to get involve in it...
monitor closely and be agile....
we cannot PREDICT what definitely will happen ~ we can only RESPONSE to what we see!
Disclaimer: Mentioned stocks are solely based on own opinions for education and/or discussion purpose only. There's no buy and/or sell recommendation. Trading involve financial risk on your own. The author shall not be responsible for any losses or lost profits resulting from investment decisions based on the use of the information contained herein.
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