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PLT

Risk aheadI don't like the risk of waiting till earnings report. Also risk of 50 daily MA rejection. There is still a potential gains but you got to ask yourself how long you plan to hold on. I am looking at sort term options positions and looking to get out soon. When I got in I was not expecting the depth of the fall of PLT. Should have waited for reversal signal after pull back that occurred from earnings report. There was way more potential to gain if waiting. Always interesting to learn from trades.
P
by JamesRennie
3
The end of the bull run could be near. Price rejected at 200 MA 2 times previously It appears this chart might see a quick momentum up and then quick crash back from 200 MA. The rally does not have strength but with the movement of the last two days it might start to have people FOMO in. Volume lowering not a good sign for bullish strength www.tradingview.com RSI nearing overbought MACD showing clear sign for start of this run up. The price is rising so fast unless using a trade bot does not make sense to me to wait for this indicator to show trend reversal. If you trade next day it might be at a 20% loss. Over all to me the risk reward past 200 MA does not make sense. Selling just before 200 MA makes more sense. Possible this stock could go to $30 or $40. To me the risk reward of selling this below 200 MA makes more sense. If 200 MA becomes support buying back in might make sense. The great thing about this stock when I first posted about it was clear lack of confidence around this company. Now that the stock price has gone 3x since it's lows it's hard to continue that argument and looking like it may shortly shift from fear to greed.
P
by JamesRennie
1
Looking for a breakout of channelWith RSI sitting at 40 and MACD showing start of uptrend. I think it's likely to see a large price jump on PLT. The companies stock looked like the company had been written off by the market as a failure. As a manufacture of high quality low cost headphones they just needed anything positive to turn things around as I stated in my last post. I believe the market has overreacted from the terrible earnings of the last quarter. This quarter they will have sold many headsets to businesses sending their employees to work from home.
PLong
by JamesRennie
AUDJPY Daily bullish signal. Logistic Wealth Management Strategist-Tanner Elphee 7/24/17 AUD/JPY Forming tonight on the Daily chart is, what I know them as thanks to Trade With Precision, a PLT trade. PLT - Precision life trade.. Or BLT (Bacon Lettuce Tomato.) The thing I love about these: they are very simple and straight forward. Just set and forget it. They require no market bias and no understanding of funnymentals (news). Once the trade is placed there is no point in even watching the chart. Just check in on it every evening... Simple is better, and as Vera teaches us, less is more :) Our setup candle is looking solid with a high of 88.271 and a low of 87.650. Putting our initial entry at 88.274 Stop at 87.647 Target at 88.901 Secondary entry being taken halfway to the stop Entry 87.961 Stop 87.647 Target 88.901 Will raise entries at close of bar. I understand this trend is looking exhausted and has officially formed a three wave thrust. However price is looking reasonable up here and we are clustering at a major level of support. Comment, like and subscribe! I'm always open to others opinions! Disclaimer: Trade at your own risk. LWM is a fictional trading firm at this time. Patent pending.
Long
by UnknownUnicorn981629