Reasonable short on quick 7 day expiring May 2019 NG contract; get in at good price around $2.55 strike - approx. $0.06 premium for profit on expiry less than $2.495. Support broken; place bet on liklihood on no rebound at $2.50 0
Hello folks, I wanted to prepare a trade summary for all my trade ideas made this week as well as an outlook for all trades currently being held. In the future I'd like to figure out a better method to summarizing the weekly activity, and include key portfolio statistics vs the SPY. However, for the time being this will do.
From each idea and each take profit...
Potential short on MEET entry around the $5.00 range. Assumed down trend continuation after price had broken down short term support level. Small volume leading to light traction being made for potential upturns.
Trade responsibly; TPs and SLs.
TCON quick slide down; divergence on ROC means quick reversion down to trend line then assumed return to upwards trend. Scalp with close takes profits a stop losses.
Trade responsibly; TPs and SLs.
Generally have a negative outlook on recent IPOs; waiting for clear signs of reversal of uptrend with potential entry at in the low $18.00 range and continued TPs set there under.
Trade responsibly; TPs and SLs
Great swing upwards continuing trend from beginning of week. Current condition doesn't indicate exhaustion of upwards movement; first takes profit in the high $3.00 range.
Trade responsibly; TPs and SLs.
Looks like a still plate of resistance met and strong indication of consolidation at current price level with hints of downturn preference. Tights take profits and stop losses on this one.
Trade responsibly; TPs and SLs
Great movement on PXLW today breaking through resistance level. Current outlook for growth remains as technical do not indicate oversold conditions.
Trade responsibly; TPs and SLs.
COLL is in a week downtrend currently; however strong line of resistance has been drawn. Bet on rebound on resistance to slightly higher level of support. Quick conservative trade.
Trade responsibly; TPs and SLs
Hopefully not a falling knife; but price clearly indicates one thing. "DO NOT BUY"; my "5 year old gut check" says sell.
Trade responsibly; TPs and SLs
Potential Long setup on LCI; awaiting price confirmation at a higher level - high risk trade profile contingent on upcoming earnings. Hope to see price break higher on positive earnings report.
Trade responsibly; TPs and SLs
