Panjang
Post Gap - the dust settles
EMES gapped down hard 2 weeks ago, since then the market seems to be coming to terms with its new base / level.
Earnings coming up soon, probably a reasonable chance that it will range until then, but if you check the spread post- gap at current prices it's ranging over 50%. Not to mention its currently at the bottom of the range.
This is a setup I have been looking at more and more (after being burned from a biotech I had no business being in) and am really coming to like the structure.
No trade for me yet, but if I did it would look something along the lines of 8% stop loss, price target 30-50%.
Earnings coming up soon, probably a reasonable chance that it will range until then, but if you check the spread post- gap at current prices it's ranging over 50%. Not to mention its currently at the bottom of the range.
This is a setup I have been looking at more and more (after being burned from a biotech I had no business being in) and am really coming to like the structure.
No trade for me yet, but if I did it would look something along the lines of 8% stop loss, price target 30-50%.
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.
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.