Guess?, Inc.Long
GES Long - Possible counter trend trade
Updated
Hi Guys,
Below my analysis:
Wkly chart - MACD and OBV bullish divergence. Elder Impulse system turning blue (allowing long positions) @ 14.74.
Daily chart - IS blue (turning red @ 13.87) - long position is allowed. Fresh MACD signal line bullish cross.
Entry @ 14.76
Stop Loss @ 13.73
Take Profits @ 16.94
On the negatives: beware of the earnings call scheduled for August 28 AMC
Below my analysis:
Wkly chart - MACD and OBV bullish divergence. Elder Impulse system turning blue (allowing long positions) @ 14.74.
Daily chart - IS blue (turning red @ 13.87) - long position is allowed. Fresh MACD signal line bullish cross.
Entry @ 14.76
Stop Loss @ 13.73
Take Profits @ 16.94
On the negatives: beware of the earnings call scheduled for August 28 AMC
Trade active
Yesterday it has been a real roller coaster ...In any case, I got in @ 14.82 (slightly higher then planned), got under the water and closed the day on the positive. The trade still looks ok and I am still in.
Best!
Trade closed manually
In full transparency, I exited the trade @ 15.48. I took the money .. :-)Best,
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