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Direxion Daily CSI China Internet Index Bull 2X SharesDirexion Daily CSI China Internet Index Bull 2X SharesDirexion Daily CSI China Internet Index Bull 2X Shares

Direxion Daily CSI China Internet Index Bull 2X Shares

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CWEB trade ideas

Chinese ETF Possible HUGE Move!Watch NASDAQ:BIDU NYSE:TME AMEX:CWEB NYSE:BABA NASDAQ:NTES NASDAQ:PDD . Most are breaking out Scoop up some strong ones!! Reasoning Whole Industry is moving! Divergence between Composite and RSI on 4D chart Consolidation seems done Correction is not overextended Multiple Bullish Days Always try to use 2 timeframes My Would Be Trade Plan - Risk about 1.5ATR and aim to ride up to 4.5ATR (1:3) - Raise stop once Trade moves 2ATR in your direction - Add on new highs after a pullback. (Then raise stop to keep original risk and also do not modify the target price) Main Sources of My Knowledge Mark Minervini Constance Brown William O'neil Speakers on Trader Lion Youtube Adam Khoo My Indicators 14 Period RSI. 9SMA and 45EMA Moving Averages added Composite by Constance Brown This is for catching failures in the RSI. The RSI is a bounded indicator so sometimes fails to catch divergences. This indicator helps show that Composite Settings Author : Constance Brown (Connie Brown) RSI Length : 14 RSI Momentum Length : 9 SMA Length : 3 Fast Simple Moving Average : 13 Slow Exponential Moving Average : 33
AMEX:CWEBLong
by vssebuyungo
3
Diamond Bottom | 27% move possibleDirexion Daily CSI China Internet Index Bull 2X Shares forms bullish "Diamond Bottom" chart pattern "Diamond Bottom" chart pattern formed on Direxion Daily CSI China Internet Index Bull 2X Shares (CWEB:NYSE). This bullish signal indicates that the stock price may rise from the close of $50.19 to the range of $61.00 - $64.00. The pattern formed over 25 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis. Tells Me: The price seems to have reached a bottom, showing signs of reversal as it has broken upward after a period of uncertainty or consolidation. The Diamond Bottom pattern begins during a downtrend as prices create higher highs and lower lows in a broadening pattern. Then the trading range gradually narrows after the highs peak and the lows start trending upward. When the price breaks upward out of the diamonds boundary lines, it marks a significant reversal to a new uptrend.
AMEX:CWEBLong
by moneytalkstome
CWEB is really sucking it. CWEBWe are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
AMEX:CWEBShort
by Rykin_Capital
CWEB Weekly Options PlayDescription CWEB has been working it down from its ATH since FEB of this year, and has gotten stopped up in the congestion pattern. I have been watching it to pick a direction to enter a position and it looks like it finally has broken to the downside. I have been using Long Puts in all my short positions because I do not want to cap my downside potential to leave it open for fat tail scenarios in the current market environment. Call Debit Spread Levels on Chart SL > 17.5 This level marks an all-time low in the security. *Stops based off underlying stock price, not mark to market loss The Trade BUY 12/17 16P R/R & Breakevens vary on fill. The long call is placed ATM for highest chance of profit at expiration. 12/17 is all I'm willing to go with for expiration because I do not want to pay the extra premium to push it out to January. Manage Risk Only invest what you are willing to lose
AMEX:CWEBShort
by BarnardR