Interesting price level on BABA - Will ponder allocating, in due course
Will allocate off these levels - Bias to the downside here - Price has broken yellow trend-line
Will allocate in the coming days if - price stays above fib level (red-line closest to current price) - for thesis to stand, price must not break pink trend-line (call it a 'mental trend-line' if you will) - Volume profile suggests, if price can remain above shaded yellow zone, we could see a rise to 490
Will look to allocate off the shaded levels - Shorting if price starts to trade below shaded level - I have exposure to Financials for upside(x3), need to re-balance for downside risks. ie create synergies with open positions - I have a bit of a bias to the down-side here, thinking JSE:MTN will drag JSE:SBK. Last time(2015) this was the case, in that instance the...
Will look to allocate off the shaded area, in the coming days - Some interesting trend-lines in play here - I find this article curious, which states that JSE:NPN and JSE:CFR have made up large chunks of the gains, in J203 recently. - Interesting price action in JSE:NPN at the time of the articles publication, 700 could be dragging this with it. I find it...
Will allocate off these levels - Volume profile suggests price is more likely to move downward - However the trend suggest a bounce off these levels, inline with an existing channel - some Major fib levels in the shaded area - 50/50 point Will look to BXY; EXY - POUND Index: - EURO Index:
- price has breached 38 fib - and two important trend-lines(blue and purple) - swiss marcos: KOF is okay, other CPI's due out on the 4th - Interesting price action, as this is seen as a risk haven. - Perhaps its SNBN taking profit on its Microsoft and the like, positions. Who knows but SNBN price looks like a bitcoin chart! - Will look to play this CHF theme,...
- NED's at a bit of an inflection point (50/50 pivot point ) - Volume-profile favours the thesis - Will allocate Short if yellow shaded area is broken - Alternatively, will look to Long if price breaks above pink trend-line
- Not much to say about this Bank, except to state the obvious, it has been battered over the last few years - Will allocate long - I am looking for pull-backs to enter on(might change, depending on price action) - Time horizon for this allocation is medium term The counter - I like the talk of the 'new' `CEO, however talk is cheap, action is not.