As we continue to trade into the bear market we can still expect lots of volatilities (UPS and DOWNS). We can continue to use MA30 and MA4 as a guide for our trade to make the most and possibly the safest profits. Therefore we will short QQQ (or long SQQQ) when QQQ is near the 30MA. The best entry price is to wait until it breaks MA4.
This is a wild guess, and I cannot be sure the same pattern will follow. It is for educational only and please feel free to share your opinion and thoughts, whether you agree or disagree with this observation. In 2008, oil fell from its all-time high from @ $144 to $36 (~75%), and then oil dropped again in 2014 from $107 to $29 (~73%). If the previous two drops...
BILI is testing the support again and I will not be buying at this level, I will rather wait a few days or up to two weeks for a better entry price to maximize the profit. Short term: 2-3 weeks. Entry: 13.5 SL: 12.8 TP1: 15.5 TP2: 17.5
BILI has been trading within its consolidation area in the past several month, long term direction remains unclear. However, chart is showing BILI is touching its support level again. Each time it touches its support level and there comes a rebound. BILI has been making higher lows so I anticipate we may see a rebound in the next two days. Possibly 10-15% gain....
Natural gas seems to have a strong support around $3.1 and it bounces from there many times over the past few week. However, the main trend is still down and even with today's pre market spike it still didn't break resistance. Reason: RSI remains high and continues to move downward. MACD is confirmed for short. Current price is under MA9. Take profit: $3, then...