Stockstotrade
$HTHT Support$HTHT (Huazhu Group LTD) Area of confluence between horizontal support and EMA 200. Weekly chart.
TUI AG stock strong sell-offTUI AG is was already in a clear downtrend providing us with short opportunities at monthly imbalance around 12 per share. As expected price sold off strongly from that imbalance and has ended up created another huge imbalance around 11.39 per share.
We do not need to pay attention to stock fundamental analysis when trading supply and demand imbalances. Of course we can read about the company’s profile and even the big news but that should not prevent you from taking a valid trade using a supply and demand imbalance stock strategy.
HSBC has downgraded its investment rating on TUI AG, does that mean anything? Well, not really if we are supply and demand traders. We already know that the monthly timeframe has a bearish bias and new supply imbalances are being created. We should not care what HSBC or any other analysts say about TUI Ag stock, it will not change the fact that we have new strong imbalances.
$RCL Possible selling climax$RCL at highly negotiated level of volume. Monthly chart. Huge increase in volume yesterday with a hummer candle (take a look at daily chart) that could be indicating a possible selling climax or the buys by institutional investors. If this level does not hold, the next to look is around $26.
