Since it's last earnings, T has been taken to the wood shack and was beaten the crap out. But today's price action suggests that it may have seen a near term bottom should SPY behave "normally" in the coming days. I'm expecting it to go up to around 34 to test the bottom or top level of the gap, before deciding its further direction.
Position: initiated at 32.07, added at 31.83 and 31.73.
Position: initiated at 32.07, added at 31.83 and 31.73.
Nota
Currently, T is battling for the support area at 31.62. If it bounces off that support, I would add to my long position. Should it break much lower than that, especially impulsively, I would be looking to swing short or exit part of my long positions until the next support level 30.30 and 29.31.Nota
However at the moment I'm leaning towards the bullish scenario.Nota
T broke 31.62 support and found the next support at 31.23.Dagangan ditutup secara manual
T has been very weak lately. Could potentially see a pullback to around 31.23 level.Nota
T happened to pop up to 34 level as expected originally, however the process is not the same. I was expecting a clean and quick bounce after new buyers accumulated at the bottom. However T grinded upwards and popped on low volume. Potential dumb money rally. If you entered the trade, now is a good time to close it.
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.