History says buying the oversold RSI excursions on this name and only exiting on the first overbought RSI excursion (daily chart) produced favorable results greater than simple buying and holding over the same period of time (roughly 18 months). Google says they are a real estate investment trust, they pay a dividend. Probably not a bad IDEA to consider a long...
NOT FINANCIAL ADVICE!!!! As shown in This SEC 13-F filing, Scion Asset Mgmt. (Burry) currently has one mentionable LONG and its this ticker with an assumed cost basis of $6.60 and 501,360 shares... I am betting these shares were NOT purchased on the open market and were instead acquired via assignment meaning credits from selling PUTS were likely involved (for...
These share are oversold on the longer timeframe and could easily see a return to previous levels, entering with a cost basis of $1.276, looking to collect a little over 30% on the trade shown on the chart. Long from $1.28, looking to actively trail position into profit and trim in the event of failure.
The window for this to start off next week neutral or green is closing fast and the economic calendar for next week looks like it wont be providing any fundamental support, depending on how you perceive rate decisions to impact the current economic climate. Technicals: FIRST bearish sign two separate resistance structures are currently witching or...
With inflation fears coming to the mainstream, I think we could see people scramble and jump into traditional stores of value, possibly bitcoin.... then you have the technicals on the above chart and it all make sense. However I personally hope people will be smarter than that and buy things they need and if they must invest, limit exposure and scale or average...
Picked up enough to write covered calls. As ALWAYS, the strike price will be higher than my entry... I'll have a coke! Backed by a trust value which means I can write options without the worry of a drop in the underlying stock.
Yes we have seen these same decline recently with just as violent climbs shortly thereafter. This time the fed is announcing the end of the current asset purchasing program so we will see what happens.
This ticker looks to be expanding its name with recent acquisitions, but the real reason for the trade is technical in nature, with clear momentum to the upside, horizontal resistance levels being turned to support, bullish divergence on the longer time frame, technicals are setup to look for a return to previous levels off the backs of a strong Bulldiv rally from...
The largest index in the world is overbought(RSI) on the daily timeframe with the MCAD extended to a 2+ year high. This same index is also nearing a pivotal point on the calendar(Sept), as of the last 2 years and several years before. Entering the VIX ETF shown in the subject of the publishing with quantities of 100 shares(at the end of market price shown today...
I cant believe this is happening??? LOL so lets provide liquidity to the call market for TLT???? "no leg to stand on? we will just make one!!" LMAO "you cant kill the bond market!!!" UNLESS of course you stand to profit from it? I leave you with one last metaphor: JPOW has painted himself into a corner in the bond market but NOW it appears he has painted...
possible ABC or Bull Flag spotted, for fun only. NOT TRADING ADVICE!!!!! Following this idea with real money can make all your money vanish!!!!
I am simply sharing some observations, I am in no way advising anyone to make any decisions and in fact, I am advising anyone reading this to verify all information as I could easily be wrong. This is a breaking point with lots of tension and two possible setups, the outcome of every financial decision will come down on BTC, either sending it to new highs over...
Looks like this is being pulled along by bitcoins current rally and the momentum has cause the price to break up and out of the previous ascending range/channel, retested the break, now currently developing support on top of the previous resistance. This is crypto, odds are longer, trades are more fragile because liquidity can trap you.... This is really just...
congress providing fundamental promise with passing a bill that could influence markets to buy this ETF, Technicals are setup to look for a return to previous levels off the backs of a strong Bulldiv rally from oversold levels, setting a stop below the recent swing low allows for a technical trade plan that removes emotion. The simple R/R lines up with the bottom...
With JP officially opposing the idea of battling climate change with monetary policy, and announcing the end of the current asset purchases in march, I think some air should come out of this one but it still wont be enough for mathematic justice the charts and oscillators deserve after a 10x rally in 18 months. No matter how much this should be at the support it...
Nice setup with 2 possible trades(for you to take at your own risk of losing all your money) long with some form of trailing stop after a monthly close above the current descending channel marked by the two closest set of white parallel lines, short or maybe just close your longs after a weekly close below ascending dashed white line.
wow, just wow. Not a metals trader but this is starting to look tempting.
Nearing the end of a consolidation, a consolidation so large in encompasses the covid dip and makes it look like nothing. Unless something terrible takes place, this should break to the upside. I'll try to close this one, win or lose, at the end of 2020.