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Watch out for getting into hype We can see the supports. CD projekt RED went insane with the last E3 conference with Keanu Reeves. Everyone is hyped on the Cyberpunk project. A lot of people wants to buy some stock of that company to earn a lot of money... but whales only wait for a moment like this. You also can see that on 4h and 1d charts we can see bullish trend bouncing of the red line... but the trend is losing a little its momentum as we can see on MACD chart. Maybe its only a correction ... BUT! BUT if we look at weekly chart we can see the Double Top with a little bulltrap on the second top... and looking on MACD it's very likely to go back to 162 Zlotys (trend support) or 123 Zlotys (second floor but for opposite trend if it's going to break 162 ZL, maybe its forming a bull flag?) To sum up... I'm watching this company for some time and it's very interesting to see what will happen. Will the hype push it to the new ATH or a lot of people will be eaten by whales? Let's wait and see.
GPW:CDR
by MateuszZakrzewski
CD Projekt Red - I so want this, but ATH...I love their games and want to hold this stock, but it's too damn high and might even go higher ahead/after E3 2019. End of 2018 showed us this stock can easily shed half its value for some reason. I guess buyers couldn't believe how lucky they got that past year and jumped ship first sign of trouble. And rightly so. As pretty much all currencies, the Polish zloty is down against the dollar, but markedly little. Poland seems to still be going strong. P/E is an insane 189, dividend yield 0.51%, even doubling wouldn't do much. Margins are down, income is down. I think soon everyone will have 'bought the rumour' and soon 'sell the news' will hit, especially given the general market conditions. I think I should try and build a short position from the top of E3 hype and from the top of Cyberpunk 2077 enthusiasm, but idk how easy it is to short Polish stock in my bank and whether it's even a good idea at all. Probably going to stay hopeful for a dip to ~100.
GPW:CDRShort
by LauriElias
7
Forex Reaction to GDPWhen someone mentions Macroeconomics, they are automatically talking about the big picture of the economy. Macroeconomics is concerned with the large-scale view of an economy and there are usually four main factors that make up this subject: GDP, Inflation, Unemployment, and Interest Rates. In most cases, changes in these factors could drive the Forex market in one way or another. Among the most important economic indicators that capture the whole economy’s behavior is GDP. GDP is the accumulation of the economic output that represents where the economy stands in the business cycle. With increasing GDP readings, the economy is witnessing an expansion; hence, the currency appreciates. While decreasing GDP readings signal that the economy is deteriorating and witnessing recessionary periods; hence, the currency depreciates.
GPW:EUREducation
by RoyalFinancialTrading
Rationalizing Mistakes will Cost youPicture this, sitting there on your trading desk, having all the latest tools at your disposal. One of those pings up and show you the perfect trade set-up, but for a second you hesitate, and the opportunity is gone. You doubt yourself and say, “Better late than never,” and that kind of thinking, trying to rationalize a mistake made which will cost you a lot. Instead of a properly managed trade in terms of risk and reward, you have a trade that is out of whack. When you risk is wrong, your whole trade is wrong, and your target might not cover the risk that you are taking. A simple delayed response and a rash decision leads to overcompensating any losses that you might have incurred and that in turns leads to inconsistent profits. Bottom line you should always “plan your trade and trade you plan,” otherwise you might as well try your luck at the roulette table.
GPW:EUR
by RoyalFinancialTrading