As PYX breaks its major downward trendline, a long position is entered with a tight stop.
As this trade progresses, shorts will be forced to cover, creating a potential for a parabolic move north.
Factors leading to the decision:
As always, use a tight-stop and if it rips down, let it run and trail stops behind.
As this trade progresses, shorts will be forced to cover, creating a potential for a parabolic move north.
Factors leading to the decision:
- Long-term downward trendline broken
- Decent bullish volume showed up at the low, noticeable to traders looking for a sign of reversal
- A recent small retracement created a higher-low which is an ideal place to put a tight stop for the trade
- 20 SMA was recently crossed and held, luring in MA traders
As always, use a tight-stop and if it rips down, let it run and trail stops behind.
Dagangan ditutup: hentian tercapai
Stopped out on a gap
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.