There is the potential for a nice selloff in MS (and
BAC) after busting a parallel channel. The banks have been hit during virus.
On May 4 we received a rare 2 million single block trade on MS, which we have splashed and are testing now. We are dropping below. This is a very bearish signal for me.
MAY 6 2020, 10:13 AM EDT
VOL (K) | PRICE ($) | ๐ผ
--------.-----------.----------
๐
MS
--------.--(MAY04)--.----------
2,000 | 37.62 | ๐ -0.65%
On May 4 we received a rare 2 million single block trade on MS, which we have splashed and are testing now. We are dropping below. This is a very bearish signal for me.
MAY 6 2020, 10:13 AM EDT
VOL (K) | PRICE ($) | ๐ผ
--------.-----------.----------
๐
--------.--(MAY04)--.----------
2,000 | 37.62 | ๐ -0.65%
Nota
We are dropping below the block, now 0.6% below indicated by the snapshot report above.Nota
Barely missed the 38.2% retracement this week. Maybe this trade gets a second wind but it is that time of year where it will not be easy. Probably the best option would have been OTM credit call spreads sold.Find the edge.
Website: daily-edge.com
Twitter: twitter.com/dailyEdgeGroup
Youtube: youtube.com/c/TheDailyEdgeTradingGroup
Telegram: t.me/mortdiggiddy
Paypal: paypal.me/mortdiggiddy
Website: daily-edge.com
Twitter: twitter.com/dailyEdgeGroup
Youtube: youtube.com/c/TheDailyEdgeTradingGroup
Telegram: t.me/mortdiggiddy
Paypal: paypal.me/mortdiggiddy
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.
Find the edge.
Website: daily-edge.com
Twitter: twitter.com/dailyEdgeGroup
Youtube: youtube.com/c/TheDailyEdgeTradingGroup
Telegram: t.me/mortdiggiddy
Paypal: paypal.me/mortdiggiddy
Website: daily-edge.com
Twitter: twitter.com/dailyEdgeGroup
Youtube: youtube.com/c/TheDailyEdgeTradingGroup
Telegram: t.me/mortdiggiddy
Paypal: paypal.me/mortdiggiddy
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.