On March 8, 24 the stock NYSE:IOT broke out into new high after earnings but since then struggled to move up further. On March 15, 24, the stock goes down below the support hence confirming a fail breakout. The stock is still in a very good uptrend. But it might take some more time to consolidate before a new move from here
BEARISH Analysis of the Chart: BEARISH BEARISH BEARISH... OUR PREDICTION IS STILL IN PLAY. I will quit it when we break the previous high of 32K. But here is why I am bearish... The 20-day moving average (MA), represented by the red line, is currently below both the 50-day MA (yellow line) and the 150-day MA (sky blue line). This pattern typically indicates...
Got the EURAUD call wrong but have worked out a plan to accumulate as it goes higher. I can continue to absorb this loss in this currency thanks to optimized position size management and can apply different trading strategies to hold as the market runs a counter trend rally.
Afternoon Traders, looks like we failed to break and hold above our level, lower structure broken, I'm now expecting sell off and a deeper pullback. I will continue to monitor.
GBPUSD short did not pan out on the sidelines for now