$BVIC has broken out after almost 4 years of resistanceAfter almost 4 years, and 5 touches of 780 (resistance), $BVIC has broken out. It's possible it can get to 1100.
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SIF: Example of how hedge-funds operateThe strategy described on the chart is simple. First i'll take a long position to target the last high. From that point i'll take a short position which is exactly the same size as my long position. This means that from that point it doesn't matter what the market will do next, because I have my profit locked between these 2 points. I would preferably see price to then break the last high, so i could add another buy above it. If price gets back to the entry point of my short position, I simply close the extra long, and will not have any negative effect on my profit.
The advantage of hedging your position is that: 1. You'll have no risk from that point, if done correctly. 2. You could add positions if the market continues to surge and make extra profit. 3. No one knows what the market is going to do, it's always a process of probability. So if the price does go up to the last high, and then crashes down, I'm still risk free and could even add more short positions to it.
You could also hedge by going long in one stock, and short another stock which is correlated to the one you went long. You then expect one stock to do better than the other.
Will Lakehouse head up?Not such a strong reaction to today's results.
Appears bullish though, so wait and see.
After 9 tests (!!), Fastforward Innovation breaks out. But...After 9 tests of resistance, FFWD breaks out.
But the pullback was very strong from the 30p high. Too much speculation at that time, and it's now at 18.8p
Can it get back upto 30p and move beyond?
PS: It pulled back to its 38.2% Fib level
$BON has broken out, but is in middle of a pullback$BON has broken out but is in middle of a pullback
It could also pullback to the 114 breakout line before heading higher.
Wait and see.
$CALL Strong bullish candle $CALL Strong bullish candle on today's results
Should help it rise above 176p
$KOOV the bears are firmly in controlWhatever the bulls think, the bears are firmly in control and have been April last year.