WATCH $ALB
Bearish
Fundamental
- Inflationary macro environment / fear sentiment
- Funds Distribution
- High PE
- Decent PEG
- Decent P/FCF
- Strong Sector / Industry / Not Leader
- Decent earnings
- Decent fundamental
Technical
- Momentum Theory Indicator - H&S formation momentum
- Price action formation ( rising wedge )
- Broke upward Trend line and retest previous high forming double tops
- Price below 200MA
- High volume node at peak
- Potential cup and handle formation
Entry idea
- Entry idea was based on few confluences
- Break of neckline and retest
- Momentum broke neckline
Stop loss depending on entry and risk appetite. But always set meaningful stops.
"the distance between dreams and reality is called action"
Cheers and happy trading!
Fundamental
- Inflationary macro environment / fear sentiment
- Funds Distribution
- High PE
- Decent PEG
- Decent P/FCF
- Strong Sector / Industry / Not Leader
- Decent earnings
- Decent fundamental
Technical
- Momentum Theory Indicator - H&S formation momentum
- Price action formation ( rising wedge )
- Broke upward Trend line and retest previous high forming double tops
- Price below 200MA
- High volume node at peak
- Potential cup and handle formation
Entry idea
- Entry idea was based on few confluences
- Break of neckline and retest
- Momentum broke neckline
Stop loss depending on entry and risk appetite. But always set meaningful stops.
"the distance between dreams and reality is called action"
Cheers and happy trading!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.