On the 30-minute chart, I have drawn the upper (red) and lower (green) trendlines
of the descending parallel channel. While it had been riding the upper edge of
the Fibonacci/ EMA channel, it has reversed and headed toward the base EMA with
the candles green to red. The zero-lag MACD indicator lines crossed above the
histogram while the True Strength Index oscillator has had a line cross in the supply /
resistance zone for further information. I conclude it is time to close long positions
in profit and cross the aisle into short positions. I will take a put option trade for
the expirations of 5/19 @ $ 9.50 but a less risky trade would be a longer exiration
by 1-2 weeks ( while at the same time decreasing the reward potential.)
of the descending parallel channel. While it had been riding the upper edge of
the Fibonacci/ EMA channel, it has reversed and headed toward the base EMA with
the candles green to red. The zero-lag MACD indicator lines crossed above the
histogram while the True Strength Index oscillator has had a line cross in the supply /
resistance zone for further information. I conclude it is time to close long positions
in profit and cross the aisle into short positions. I will take a put option trade for
the expirations of 5/19 @ $ 9.50 but a less risky trade would be a longer exiration
by 1-2 weeks ( while at the same time decreasing the reward potential.)
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.