XNET trade ideas
Short Idea for XNETThe idea is Fast Ema Band < Slow EMA Band. Bands are not separating showing opportunities for short sell. Space to fall below. Targets along the way (FIB levels).
Let me know you thoughts.
Bullish CountThis stock has been moving sideways since it topped at 26.97 in November last year
it is possible to count the corrective pattern as double zigzag w-x-y
if the next move is lower degree 1 & 2 then we have a bull nest in the making
XNET BounceXNET doing a double bottom off the 50EMA, If the stock closes below stop before but trigger, cancel order, look for an entry again off the 50EMA
We alerted This ticker at $13 now its makings its moves! One of my favourite tickers right now, Next to $riot $veri $ostk
XNET short @ next fib levelreminds me of HMNY as an enormous pump-and-dump, "blockchain" fueled CDN with no plan of monetization of currency itself, needs to revert to mean, matter of time
XNET , might be a time for the first actionXNET just announce a private cloud storage product with the theory of block chain. And the equipment are ALL SOLD OUT at taoboo with a price of 399RMB (And now someone offer it for $999RMB)
Many people in china use XNET for their BT service.
There are a trend-line occurs around 10, and breakthrough yesterday, as this is the 3rd times breakthrough, may consider this will be a first support .
dividend the funds into 7 parts;
1/7 on 10;
2/7 on 7.5;
4/7 on 5.
long investment,
target price is $30 USD.
XNET trading plan 2017-11-06XNET, a huge runner over the past two weeks. #GAP-UP has been a consistently performing trade, however in the last two days #GAP-DOWN has come into the money despite the presence of brutal morning spikes. If shorts get deterred from playing gap-down here, we could see huge potential gap-down profits, ideally a slow and steady decline to hit gap-down profits day after day until we reach the support zone.
Looking for intraday plays only on excessive volume.
XNET - Good time to Short itXNET is a perfect stock for my strategy. Needs 2 days of patience before RSI drops down to 70.
The stock is over extended, up 150% over last 3 weeks. MACD Histogram has flattened out at the top, telling me it is about to turn over and head downward towards 0. If you wait til Histogram gets to 0, you will miss the first big drop on the stock. I use Histogram in lieu of line crossings to get ahead of the drop. I wait til the histogram drops 1 from prior day. This is my signal to enter the trade. This trade is not there yet.
RSI shows far over bought
Stoch RSI shows far over bought, confirming RSI.
3 indicators pointing to a drop. How far? Well, there is not real resistance til 4, but I'd be happy to set target for a drop to 7 or 7.5...and then re-assess it. The stock needs to pull back.
Looks like it may be 1-2 days before it drops. RSI and Stoch RSI are very high.
When RSI crosses 70, it will confirm the move downward.
Strategy - Don't buy the price, place a Short just below and let the stock come to your price. This eliminates the risk of a reversal. Price it just below RSI 70.
XNET - Long as it testing support
XNET- Long
Trade Logic: Oscillation trade, Bump & Run
XNET tested this same price (5.27) in 12th Feb & instantly jumped to 6.09 in next 4 days. So we are expecting a similar kind of run. However we are taking very small risk here for a potential big gain.
Entry Price: 5.27
Target Price: 5.73
Stop-Loss: 5.11
You can check our detailed analysis on XNET in the trading room link here-
Trade Suggestion Date: 20/6/2016
Trading Room - Executive summery link:
Time Span: 6:30”
Trade Open: 21/6/2016
Trade Close: N/A
Profit/Loss: N/A
