ape_mo

ape_mo

I see great potential to the downside as soon as markets turn red again. Any comment is appreciated!

ape_mo Updated 

Today I opened two positions after recognising the huge cup and the beginning of the handle. Still working on my trading strategy targeting this pattern. Safest bet is to enter when the SP breaks the upper cup line, in this case I decided to enter early because the support @128 did not break. Currently my SL is sitting at the 50% mark of the cup raise. If this...

ape_mo Updated 

JMIA more than doubled within 13 days. That lead to an overbought RSI so I took it on the watchlist. Today it broke the downward trendline which is formed since the last runup in August to the upside. But above it formed a double top @17.04 and I took a short position @16.95. Due to the following drop which I did not expect in this extend I already have a...

ape_mo

follow up trade of previous idea, see link below. Lately BIDU broke through the resistance @128 on a big green day. Since then the SP came back to test if the previous resistance became support. Today it came very near and moved back up, so I took another trade: Entry: 129.38 TPI: 138.3 TPII: 142.4 SL: 126 All the other indicator described in the previous...

ape_mo Updated 

AMD got rejected a couple of times @ the resistance sitting at 87.1, last time yesterday Since I believe it was temporary due to a tweet that affected the whole market to the downside I entered @ 84. Next support is @ 83, next resistance as mentioned @87.1. As soon as this breaks a retest of the ATH seems to be possible. MA 50 & MA 200 are bullish just as MACD....

ape_mo Updated 

Last Friday I went long on PFE. SP moves in an ascending triangle which is formed since april. The peak is reached pretty soon but I do not believe in a breakout just yet. I think it will be rejected by the resistance @38.58 one more time, so this is my price target. Volume is average, trend neutral, RSI & MACD looking good. SL is set just below the last...

ape_mo Updated 

Opened a position today when the price bounced off the daily MA50. Currently it sits right on a support line which also acted as a resistance the last couple of month. Since it just broke through that resistance a week ago I see the current pullback as a retest of this area so that it becomes support. On the weekly I recognised a slightly rising wedge (please...

ape_mo Updated 

GBPUSD is moving towards a trendline formed since may next to a major support area. I believe it will bounce there, if not I'm out. Entry 1.2657 SL: 1.261 TP I: 1.2785 TP II: 1.29

ape_mo Updated 

The price of BIDU currently walks on the lower boarder of an uptrending channel. Major resitance is @ 128 for more than 2 month now. Right below the resistance it is forming an ascending triangle. MA 50 is neutral, MA 200 in an uptrend. RSI gives room to run. MACD positive crossing. Will enter above 128 if volume picks up or the resistance break is...

ape_mo Updated 

Thursday NIO earnings will be announced, they rescheduled it from September to August. A good sign in my eyes. ma 50 & ma 200 in a bullish trend, bb narrowing, macd crossing, rsi leaves room for a run I expect a new ATH next week.

ape_mo Updated 

VW creates higher heights & higher lows since may (blue trendline) During that time it created a couple of support & resistance areas. Entered the trade yesterday when it broke the resistance @ about 135.4 which becomes support - and will probably be retested today. Entry: 136 TP I: 141.5 TP II: 145.5 TP III: 148.9 SL: 132.7 Further notice: MACD indicates...

ape_mo Updated 

After earnings Intel dropped in an overreaction and this seems to be a cheap entry point. Today it hit the weekly MA 200 and bounced back. RSI is in oversold territory. dropping volume and macd indicate that the sell off has lost it's power Next support is the MA 50 of the monthly chart. Took a long position right before the bell with the following...

ape_mo Updated 

CGC had quite a good day today. It touched the red trendline and I believe it pulls back to the support @18.25. On May 22nd it closed at the same point as todays resistance. Then it gapped up and fell back hard. So I believe there are many sellers above the resistance who are happy to get out without a big loss. What speaks against the trade is the high...

ape_mo

This channel is 10 years old and the current price sits at its lower boarder. also broke the lower BB and might bounce from the ma 200 (or the monthly ma 50).

ape_mo Updated 

CBK sitting at the lower border of an uptrend parallel channel. It is also hitting the lower bollinger bands. I'm expecting a rise in price and take a long position TG1: 4.76 TG2: 5.06 SL: 4.45

ape_mo

The current price sits right on a strong support which can be seen on the weekly chart. Before it broke down out of its downward channel. Now the RSI is quite oversold on the daily and it sits below the lower Bollinger Band. I believe that it will get back into that channel, around 0.9375 seems to be the next resistance, this is also the 0.618 fib retracement...

ape_mo

Sitting at a resistance and a descending triangle is forming. I believe it will come back to the first ascending triangle of the day, but it might also pop. MACD indicates lower level, trend upper, other indicators more or less neutral.

ape_mo

YNDX had quite a run, broke the prior ATH resistance and currently sits at the upper channel boarder. RSI asks for a cooldown. With the first sign of weakness this is a candidate for a short position. target would be the prior ATH since resistance quite often become support.