Tech upcycle which began around 2013 has come full swing and is coming to an end. We are at dotcom bubble stage. Smart money has completed distribution and has engaged "labor activist" to trigger the mark-down phase. Protect your money. Expect VS Industry to gradually drop to around $0.20 (>70% decline) Not investment advice. Please do your own due diligence.
1) Placed a Long position @ 3668. Reason being price rebound from Support on upbar with high vol. 2) Price hit Entry before doing a Pullback. 3) Exited with 6pts (3674) as unsure about price direction.
Did a Short Trade at few points below the Support line (Entry @ 3657). Price did not go down further and instead bounce from Support. Hit SL.
- We went Long following the US Soybean Oil price movement. - Place our Buy Stop @ 3440 with TP @ 3450 (10pts) and SL @ 3434 (6pts). - Hit TP within less than 6 mins when our Entry triggered.
- Market opened gap down and close on upbar with VSI. - Noticed that in the morning session, price is hovering just below the upper Downtrend line before closing. - Price did try to go up before move up but end up closing on the low with low volume; subsequent bars hold above the low of the opening bar (Evening session). - Price broke this line with high volume;...
- Market opened on widespread downbar on VSI with no gaps before continue its Sideway move. - After 3:00pm, we see some activity with price breakthrough the Resistance (which was the old Support @ 2995) on VSI and also on Green Pentagon. We expect price to do a Pullback before moving up further. - I placed my EP at 2995 and was triggered within less than 1...
I posted my first trade on TradeView a couple of weeks ago. I wrote a short article somewhat explaining the fundamentals and technical analysis for owning the stock. The stock is up about 30% since the recommendation. Now that we are up 30% where do we go from here? The stock price has clearly hit a weekly 50 day moving average. This is usually a price target...
VSI seems forming a nice fallen angel formation. Money flow broken to the positive side very strongly on huge volume. It has a lot of insider buying. We think it has very good upside potential from current price. * Trade Criteria * Date First Found- January 8, 2018 Pattern/Why- Fallen angel formation Entry Target Criteria- From current price ($5.25) or...