Naukri / infoedge could collapse to 3200 if the market is weak
* Consecutive bear flags - the stock drops and then consolidated before doing the same again
* Tech sector is being sold off and this stock has continued to be sold on bounces
* Technically oversold but now that it has consolidated for a few days - expect it to continue its march downwards
* Stop at technical resistance at 3600 - ideally buy an ITM put and leave till expiry
* Tech sector is being sold off and this stock has continued to be sold on bounces
* Technically oversold but now that it has consolidated for a few days - expect it to continue its march downwards
* Stop at technical resistance at 3600 - ideally buy an ITM put and leave till expiry
Nota
First signs of real weakness and a breakdown from the bear flag. Still too early to say if this will hit the target - however be ready to take some profits below 3350 or soDagangan ditutup: sasaran tercapai
Can take 50% profit at 3300 and let the rest of the position ride towards 3200Dagangan ditutup: hentian tercapai
Took 50% off lower and the rest now - net net the trade was a loser. Key lessons learnt* Look at longer term picture and try to short stock on the bounce - key is having patience
* Take off 50% when in the money
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.