Upside Worth the Risk?
Updated
Hi, all!
I think yes, for me.
Things are tense globally, and prices are...well high. I think we have not yet seen the ATH on the SPY and subsequently I think the UVXY will get close to its ATL if not touch it and play around it a bit before we see a correction in the broad markets which should, IMHO, send this security soaring for a very nice risk/return profile.
Things could get dicey any moment however. A reverse split could be on the near term horizon. And, the symmetrical triangle should be a bearish signal, yet given its very slight tilt to the downside and the bullish signal from the MACD. I think a reversal from the major downward trend we have seen is immanent. Nevertheless, I've been wrong many times before, and I can only be sure of one thing going forward, which is that I will be wrong again.
Not advice. Not recommendation. Please comment below and share your thoughts. I'm down to dialogue about this momentum model bubble we seem to be in and how to play it with insurance or swing trading etc. Best wishes!
JG
I think yes, for me.
Things are tense globally, and prices are...well high. I think we have not yet seen the ATH on the SPY and subsequently I think the UVXY will get close to its ATL if not touch it and play around it a bit before we see a correction in the broad markets which should, IMHO, send this security soaring for a very nice risk/return profile.
Things could get dicey any moment however. A reverse split could be on the near term horizon. And, the symmetrical triangle should be a bearish signal, yet given its very slight tilt to the downside and the bullish signal from the MACD. I think a reversal from the major downward trend we have seen is immanent. Nevertheless, I've been wrong many times before, and I can only be sure of one thing going forward, which is that I will be wrong again.
Not advice. Not recommendation. Please comment below and share your thoughts. I'm down to dialogue about this momentum model bubble we seem to be in and how to play it with insurance or swing trading etc. Best wishes!
JG
Note
SL was hit for this idea today, however. I think that it is within error so far and am still bullish next 30-45days. Note: I do not think this security will go without a reverse split under $4 a share. As we get closer to this personal borderline, this security gets exponentially riskier to hold long IMHO.
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