Long
The mother of all trades?
Wow, I dont know where to start on this one. So many technicals all lining up perfectly in queue. I’d like to go through them all to explain my analysis. I’ve had a busy week trading, sorry for no updates. But I’ve traded Jinhui Shipping, MPCC container, and Nordic Nanovector. So I feel a bit bad for not putting them charts out for some sexy entries. But this shit takes time and combining my regular job with this makes time little. Anyhow - lets get over to this analysis.
1. I drew a long term possible trendline, saying this is becasue it’s not validated correctly. The trendline could be drawn also to show that this is the bottom. But that would somehow invalidate the other aspects.
2. A nearly perfect long time, classic head and shoulders has been forming for some time now. For this to be valid we need the price to retrace just a bit more.
3. On to the Elliot Waves, again, Im no Elliot expert, but I like to implement him to check on various patterns. In this case EVERY time from peak to peak we get a valid Elliot ABC correction. For you Elliot experts I believe we see a lot more in this chart that gives solid confrimation on this, so input if you like.
Over to the stock itself we have some bad news, so before a potential position is taken here, please read up on the current problems. I wont go in any more detali. I’m ceartainly not someone you should take financial advice from. Trades go bad from time to time, but I like to share some of my ideas. I’m posting this as Long by the way, but you clearly see whereabout the entry is, according to the chart.
1. I drew a long term possible trendline, saying this is becasue it’s not validated correctly. The trendline could be drawn also to show that this is the bottom. But that would somehow invalidate the other aspects.
2. A nearly perfect long time, classic head and shoulders has been forming for some time now. For this to be valid we need the price to retrace just a bit more.
3. On to the Elliot Waves, again, Im no Elliot expert, but I like to implement him to check on various patterns. In this case EVERY time from peak to peak we get a valid Elliot ABC correction. For you Elliot experts I believe we see a lot more in this chart that gives solid confrimation on this, so input if you like.
Over to the stock itself we have some bad news, so before a potential position is taken here, please read up on the current problems. I wont go in any more detali. I’m ceartainly not someone you should take financial advice from. Trades go bad from time to time, but I like to share some of my ideas. I’m posting this as Long by the way, but you clearly see whereabout the entry is, according to the chart.
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