HDGE LongWeekly in downtrend Channel
RSI Divergence
OBV> OBV40, and OBV divergence
Entry 23.6
Stop 22
Target 39
Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test my trading plan with small cost.
HDGE trade ideas
I'm not a bear but I follow HDGE in my list of 'what if' fundsFirst of all, I'm not advocating getting in at this level - market timing is like calling a dice roll, and I'm not a bear except when I've made money on SQQQ over the short term.
But given the events that occurred last March, HDGE is worth paying attention to. More info on HDGE (advisorshares.com).
Information provided in this correspondence is intended solely for informational purposes. No guarantee of any kind is implied or possible where projections of future conditions are attempted.
AdvisorShares Ranger Equity Bear ($HDGE) - #SHORT ETF #hedgeBuy signals @ 1D TF.
- RSI hit support level @29 and is bouncing upwards
- MFI @4!
- StochRSI has crossed bullish
- MACD turned bullish and bullish cross will come very soon!
- WaveTrend oscillator has generated a buy signal
Note this is a "short-term" trade on the 1D candle chart time-frame.
On the 1W TF the chart looks still bearish!
Entry: 6.25 - 6.40
TP @ 6.88 (or higher in case stocks will plunge again)
Information about "AdvisorShares Ranger Equity Bear":
The investment objective of the AdvisorShares Ranger Equity Bear ETF (NYSE Arca: HDGE) is capital appreciation through short sales of domestically traded equity securities. HDGE is sub-advised by Ranger Alternative Management, L.P. (“Portfolio Manager”). The Portfolio Manager implements a bottom-up, fundamental, research driven security selection process. In selecting short positions, the Fund seeks to identify securities with low earnings quality or aggressive accounting which may be intended on the part of company management to mask operational deterioration and bolster the reported earnings per share over a short time period. In addition, the Portfolio Manager seeks to identify earnings driven events that may act as a catalyst to the price decline of a security, such as downwards earnings revisions or reduced forward guidance.
I´m not a financial adviser. For educational purpose only!