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Scalptrading

Buy, Ascending triangle. BUY NOW!Triangle is almost finished. Make you ready for the trade! There will be a bullish impulse income.. -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- I will post every week: |Chart analysis |Scalps -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- FREE TELGRAM: t.me ( I also give motivation & financial advice in Telegram)
Long
by UnknownUnicorn4483319
Party City - Stop, He's Already Dead!Party City has become a perfect example of going quietly into the night. Despite the immense amount of trouble the company is in, and their constant and predictable death spiral, the lack of volume goes to show that the market hasn't noticed Party City on death's doorstep. - Helium supplies being limited means that medical tech companies receive first dibs, leaving retailers like Party City scrambling to find a way to stay afloat (pun intended). - Financial stress from the retail apocalypse and having Amazon as a competitor left the company far too weak to incur a financial trip-up such as the helium shortage. - Short interest of 39% made stock buyback attempts laughable and gave little leeway against the consistent downward spiral. - Irregular price boosts leave short sellers with plenty of opportunity to swing trade, with just enough volume on the options chain to make a consistent profit. - Long term bears will flourish on the upcoming earnings report in November, which will only further reiterate what the market has seemed to ignore among trade war fears and index volatility trades. Current price? $5.00 a share. My personal price target? $2.00 by Halloween.
PShort
by Meowstro
7
LTF considerations: Locking in profits with a hedge longSo I did pretty well yesterday riding the short down, taking some profits, adding on and taking profits again. 23% Gain on total balance for the day. This little bounce early this morning and the bounce off the 0.382 retrace has me thinking we could get a little relief here in the short term, so I moved my stop on the short into profit, and opened a hedge long of December futures. I figure I can get a better short entry up around the top of this monthly block confluent with a 0.62 retrace from the drop(if we see a rejection from it which seems probable IMO). We still have a big liquidity draw to the downside, and this way, whichever way it goes I've got orders set to benefit from it.
BITMEX:BTCUSD.P
by UnknownUnicorn2934042