$LCII Below 200 MA = No Trade$LCII beautiful setup IF only it wasn't below 200 MA
I'll just be watching this but wont be trading it.
here it is though.
LCII trade ideas
Buy and sell opportunityChart and trend analysis:
Monthly timeframe - side
Weekly timeframe - up
Daily timeframe - up
Hourly timeframe - side
Trade action:
Long-term opportunity - BUY
Short-term opportunity - SELL
Important points:
1] Both, buy or sell zones have 2 price levels, color-coded for your understanding: Green (enter a trade), Red (exit the trade or stop-loss)
2] Your choice of buying or selling depends on your timeframe (long term wealth investor vs. short term income trader).
3] Follow our T4 strategy when the price reaches the zone: wait for a bullish and bearish reversal in buy and sell zones respectively.
4] Risk management strategies are critical in any trading or investing activity such as position size (how much to invest) or stop-loss (knowing when to exit with an acceptable, predefined, minimal loss).
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LCII reiterate longSome time has passed since my previous post on LCII, I am more confident now on the long bias
Dow drops once again # 54 (LCII)"Stocks around the world dropped"
"Bullish trend-line broke"
"Weak Dollar"
"Swiss Franc Strong, Gold Strong, 30 Year Bond Strong too, because they are safe haven"
"Financial media with Bad headlines"
"Uncertainty, some panic, lack of buyers, are ingredients for Short selling
Bad News are good for Short Sellers.
What more info is needed for Shorting
