This is a bad time for the long term. The macroeconomic scenario is challenging, and indices like the S&P 500 and Nasdaq seem to be at the end of a bullish cycle.
Still, the temptation to buy can be strong when the setup looks promising.
Technical Factors Supporting the Trade:
Weekly Heiken Ashi breakout confirmed.
Vertical volume well above average.
Exponential moving averages (2 weeks and 1 month) and simple moving averages (3 months and 1 year) all pointing upward.
Breakout of a descending trendline.
A setup like this is hard to ignore.
Entry: $1.66 – even after a 17%+ rally on the day. The ADR justifies the move.
Are you getting on board?
Still, the temptation to buy can be strong when the setup looks promising.
Technical Factors Supporting the Trade:
Weekly Heiken Ashi breakout confirmed.
Vertical volume well above average.
Exponential moving averages (2 weeks and 1 month) and simple moving averages (3 months and 1 year) all pointing upward.
Breakout of a descending trendline.
A setup like this is hard to ignore.
Entry: $1.66 – even after a 17%+ rally on the day. The ADR justifies the move.
Are you getting on board?
Trade closed: target reached
ASM - 🔹 Early ExitAs long as the S&P 500 remains below the 🔹 3-month simple moving average, I prefer to 🔹 lock in gains. This was the case for this trade, where the result was already 🔹 satisfactory.
🔹 Trade Details:
🔹 Entry: $1.66 on 03/12/2025
🔹 Exit: $1.96 on 03/27/2025
🔹 Return: +18.07%
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.