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Thenexxtrade

WATCH $ALBBearish Fundamental - Inflationary macro environment / fear sentiment - Funds Distribution - High PE - Decent PEG - Decent P/FCF - Strong Sector / Industry / Not Leader - Decent earnings - Decent fundamental Technical - Momentum Theory Indicator - H&S formation momentum - Price action formation ( rising wedge ) - Broke upward Trend line and retest previous high forming double tops - Price below 200MA - High volume node at peak - Potential cup and handle formation Entry idea - Entry idea was based on few confluences - Break of neckline and retest - Momentum broke neckline Stop loss depending on entry and risk appetite. But always set meaningful stops. "the distance between dreams and reality is called action" Cheers and happy trading!
NYSE:ALBShort
by nexxtrade
WATCH $ZMBullish Fundamental - High inflationary macro environment / fear sentiment - Earnings don't looks favorable coming quarters - Funds Accumulation - Decent earnings - Decent PE - Decent PEG - Positive P/FCF - Weak Sector / Industry - Covid lock down theme ? Technical - Momentum Theory Indicator - Seems like bottomed and making a reversal trend momentum - Price action formation ( falling wedge ) - Yet to break downward Trend line - Price still below 200MA - Price above POC Entry idea - Entry idea was based on few confluences - Rejection / retest of the trend line - Price below 200 MA Stop loss depending on entry and risk appetite. But always set meaningful stops. ”I fear not the man who has practiced 10,000 kicks once, but I fear the man who has practiced one kick 10,000 times.” Cheers and happy trading!
NASDAQ:ZMLong
by nexxtrade
SOMETHING IS BROKEN IN THE INSURANCE SECTOR. WATCH $IAK $KIESomething is broken in the Insurance sector. Is there insurance for insurance? Trading is like Sherlock Holmes, sniffing for clues. And this is what we found! $IAK - volume surged since 21st May 2022 - POC level seen at the peak of the chart seems like smart money has been distributing at the top - bearish momentum divergence / momentum broke below neckline $KIE - like $IAK, seems like the smart money haven been distributing at the peak ( stage 3 ) - price rejected upward trendline - price retest neckline at the moment - bearish momentum divergence "the difference between good and great is attention to detail" Cheers and happy trading!
AMEX:KIEShort
by nexxtrade
WATCH $ACLBearish Fundamental - High inflation macro environment / weak sentiment - Funds Distribution - Decent PE - Negative PEG - Decent P/FCF - Strong Industry - Supply and demand playing catch up ( over stocking ) Technical - Momentum Theory Indicator - bearish divergence on the daily - Price action formation ( rising wedge ) = diminishing bullish momentum - Double tops - Broke 2 years upward Trend line and rejected - Price below 200MA - Price above double top neckline / resting on major S/R Entry idea - Entry idea was based on few confluences - A rebound to retest the upward trend line or 0.5 fibo - A breakdown below the neckline and a retest Stop loss depending on entry and risk appetite. But always set meaningful stops. "if you cannot do great things, do small things in a great way" Cheers and happy trading!
NYSE:ACIShort
by nexxtrade
thenexxtrade MARKET REPORT JUN 2022CASH IS KING! CASH is currently the best hedge ( not Bitcoin, Cryptocurrency obviously ) against such brutal market that took out both long & short, depending on your time frame. VIX is very telling that it might break previous high now that it is onside with momentum is picking up. As VIX and the indexes are inversely related. The SPY, NASDAQ & DOW will be testing their previous low. Pretty sure retailers will attempt to bottom fish in the coming weeks. In the East, the Taiex who is closely related to the West suffered the same fate as Taiwan is heavily dependent on the Semiconductors industry. I believed the Supply & Demand are playing catch up now. Take a look at the $SMH. The Momentum Theory Indicator have warned us on the bearishness on the divergence! The only positive looking index will be the HSI. We will be watching the line closely and have pick up some names in our Watch list. They are fulfilled our quantitative filtering that are fundamentally healthy and undervalued companies! I have shorted the SPY/NASQ/DOW since early 2022 and have been increasing my cash allocation. If you have missed the. shorting opportunity. You will just do fine by increasing your cash position. If you are keen on any companies on the HSI, we will be happy to take a look for you! You may also wish to pick up our Watchlist to go along! Cheers and happy weekend to all traders!
SP:SPX
by nexxtrade
REVIEW $ELF STOPPED OUTHere is a review of my stopped out trade review on $ELF with a 1:3 risk to reward thesis. Bearish Fundamental - High PE - Negative PEG - Negative P/ FCF - One must note beauty and cosmetic related products are always top of the chart in the online business / Lazada / Shopee Technical - Price broke down 2 years upward trend line with a long wick rejected - Momentum theory indicator was seen under the water - Price further broke down forming a M top / channel Entry idea - Entry idea was based on few confluences - Rejection / retest of the trend line - Rejection on 0.5 fibo - Price below 200 MA Stop loss set on 0.786 fibo level which within 1% of my trading capital and got stopped out. Trading performance should always be based on how well you trade on the outcome of a single trade. Cheers and happy weekend to all traders!
NYSE:ELFShort
by nexxtrade
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