Panjang
its sune over....
The famous hedge fund hotel are on fire!
Looking to pick up this one near the psychological level of $2, and a wide stop at the lows of July 2012 to play on the bounce back to $6.5.
Fundamentally there is a big risk of bankruptcy given the credit risk, 600 million cash remaining and debt interest at 15.4%. I will not be holding on for long, do keep your position size small too.
Keep checking back! I will be looking for signs of bottoming in the lower timeframe (1~4 hrs)
Looking to pick up this one near the psychological level of $2, and a wide stop at the lows of July 2012 to play on the bounce back to $6.5.
Fundamentally there is a big risk of bankruptcy given the credit risk, 600 million cash remaining and debt interest at 15.4%. I will not be holding on for long, do keep your position size small too.
Keep checking back! I will be looking for signs of bottoming in the lower timeframe (1~4 hrs)
Nota
Another leg might develop sune, let's see if it stops at $3 for a double bottom. :)
Nota
Watching 2.71 support, not a lot of selling interest so far .
Nota
Entered a position here.
Entry: 2.90
Stop loss: 2.74
Take profit: 3.81 (0.236 retracement)
Nota
Stop loss moved to $3.
$4.35 is possible, but I'd recommend taking some profits at 3.81.
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.