Penny Man Here lads.
As you know, CitiGroup downgraded ZIM to a sell rating, causing price to cascade in a massive onslaught closing almost 20% down in a single trading day. Looking for a B-Wave setup,.
NOT going long on the expected come-up for the B wave.
I do plan on buying some short-term puts that are OTM. Probably give them 1-2 weeks time with the strike price at the bottom of the initial A wave ($19.00)
Monitoring it as it goes for Monday!
As you know, CitiGroup downgraded ZIM to a sell rating, causing price to cascade in a massive onslaught closing almost 20% down in a single trading day. Looking for a B-Wave setup,.
NOT going long on the expected come-up for the B wave.
I do plan on buying some short-term puts that are OTM. Probably give them 1-2 weeks time with the strike price at the bottom of the initial A wave ($19.00)
Monitoring it as it goes for Monday!
Nota
Still no trades, and glad for it. Luckily that open Tuesday was violent. Have 2 potential scenarios playing out. Unsure of which wave-count is accurate, but for now sitting on the sideline to see how this develops.Bearish setup:
Bullish Setup: (no details on where it will go exactly, but this count assumes that the correction is complete)
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.