NOTE: these are my personal notes. At beginning you' ll see my overall thoughts - following is the logica for those who want. December 5, 2018 Summary Should I switch to short side - or this is just some shorter TF longs liquidations? 1. Now on decent support, trendline and small Hourly trendline. Can IT reverse here, squeeze shorts and find some new buyers...
Curious to watch how it will unfold. Wait for 30 retest. If it falls keep on watching. Soon or later they will take profits, the fall wil slow.
Put 4x calls May consolidate and retest 59, but short term I d be surprised if it goes straight up ... More downside, wait for consolidation and bullish div
I am bearish PHG but Earnings upcoming the 22nd october. I want to see how that plays out first, even considering we recently had a pretty drop and there may be an organice retracement to the upside.. That also means I may lose a very big chunk of profit if earnings are bad. But thats how I feel for this. Hidden bearish div on higher TF. I would like, but I doubt...
I really like this stock but it may retrace to 23 or top of the pool rectangle.
Keep a close eye on it
This is gonna be a controversial stock, that people will either love or hate. It will be a great momentum play with high volatility in both direction. Great to play for catalysts, news etc. Let' s enjoy the show. The price of something is the amount of $ that people are ready to pay.
FBP can both shoot up or retrace at this point. WIth risk adjusted SL they offere great possible gains both for long and short. Longs have an I shoulder, Bears a recent potential blow off.
It' s hard to keep things simple. Not fall for the illusion that a better technique makes a better musician. To be actively patient, and do the right bet at the right time is what makes a profitable trader. Then your strategy on how to maximize gains and minimize loss inside the trade. And opening to dance in time. I tend to make things more difficult than...
I don' t understand why cute girls feel the need to write "deep and insightful thoughts " about life. A beautiful body is a piece of art in itself. That' s why everyone looks at the picture, and few cares about the words. A picture is worth a thousand words.