Double bottom forming on possible bottom. Fundamentals are changing with new CEO. Huge down trend for over a few years, so it's a low win rate set up for a long but there's a defined level to try. Minimum risk here. Will add on bullish consolidation
BTC dip flushed out trader + Trump inauguration appears to be a good set up for trend continuation. In line with strong Feb seasonality returns. Small inside bar compressing on previous high.
SPY is seasonally weak in August. Thus the pullback is timely, especially after such a rally. Levels to look out for is 5200-5300 which constitutes about 5-8% DD. If it drops to 5100, then it's truly a gift to start leveraging into the EOY election rally.
US is expected to cut rates, bringing USD down. That said, we need USD to buy into the US market. Levels to look out for is 1.305 and 1.32.
Found buyers sub 2.2. Swinging to 2.9. Trapped shorts sub 2.2 may fuel this push
Will sell 50% of DBS stock once dividend cap is released.
Price is supported above 2.67 Small inside bars consolidation Yield is expected to increase Bullish 3.05
- Up trend and pullback into support - Risk against 38.40. RR ~ 1.8
- rejection at 272 against a weakening high growth stock backdrop + china crackdown on tech monopoly - downside to 228
- Still supported at 3000 - Limited downside with upside to 3343, RR ~ 2.5 - PEG 1.86 Can add on retracement to 3k
- PE is 2 std above historical average - Can't sustain the bounce and rose less than SPY - Rejection around 120-125 area Bearish till 110. Expressing bear view by reducing longs.
- 230 shows support - Traded up while the market was down for the past 3 days - Lower chance of holding to a red position in this entry - Upside till ~270 with limited downside below 230
Entering on the breakout of 8.84 resistance level with signs of support. Risking against 8.5 with a potential profit level of 10.8. RR: 3.24 Risking 0.5% of portfolio
Giving a 2% risk on this one. It's been supported heavily at 5k and price has been making higher lows along with volatility compression at resistance.
Seems like a clear rejection after running the stops. So I'm shorting once again. Tweezer pattern at daily time frame and shorting at a lower time frame against the high of the opening drive. 1% risk on this