(risky) short idea for NSXUSD
Hello world,
today a short idea for the recent rallye.
Macro situatiion:
- still no demand in multiple sectors
- (in my opinion) way too fast recovery in tech-stocks
- "buy in april, sell in may" sentiment allover the markets
- (until now) useless actions of central banks
- bailout discussion not yet started (as soon as companies become illiquid, this might add too it)
chart technicals:
- downward momentum in previous daily candles
- reached 100 D MA
- dipped below 14 D MA
- reached daily resistence line and turned around
- MACD sell signal
This is quite a risky one, would be interesting to find out what happens.
All the best,
c4ss10p314
today a short idea for the recent rallye.
Macro situatiion:
- still no demand in multiple sectors
- (in my opinion) way too fast recovery in tech-stocks
- "buy in april, sell in may" sentiment allover the markets
- (until now) useless actions of central banks
- bailout discussion not yet started (as soon as companies become illiquid, this might add too it)
chart technicals:
- downward momentum in previous daily candles
- reached 100 D MA
- dipped below 14 D MA
- reached daily resistence line and turned around
- MACD sell signal
This is quite a risky one, would be interesting to find out what happens.
All the best,
c4ss10p314
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