We created a weekly supply zone by breaking weekly structure to the downside.
We have mitigated only mitigated about 40% of this zone, so we could see a push higher before a collapse.
We have liquidity being built at at 4137 level, which might get taken after we have a change of character to the upside (BOS).
However if we do not hold the demand zone at this...
long term demand zone, if we see a Change of Character and demand holding we might finally see selling pressure diminish.
Fundamental factors: Asian Yuan is gaining strength as ECB and FED continue with QE
Options chain is setup, short interest currently at 40% (Fintel)
You could also wait for breakout confirmation, but this will minimize gains a bit.
Besides, no standard price action in these types of situations.
There's an inefficiency in price action at 17.00 to 17.20, this should get filled at some point.
So main target is 17.20, but leave a runner as option...
Fastly is looking weak, but the breakout (down) was not strong enough, and just gave a nice bounce at support.
Looking for the stock to move back to the resistance of the lower channel. (zoom out to see how far back this channel has been developed.
Don't let FOMO hit you in the face on this stock.
Long channel trends show the following support levels:
BUY LIMIT @$40.30 if you think the breakout will hold, even though the tech stock run looks like its running on fumes
BUY LIMIT @$30.80 excellent price for a long position, as this company looks to have a good future perspective.
I would recommend 30%...
newby here, what are your thoughts?
Once the insane people who pumped NKLA get wind of another Tesla competitor which actually has decent results, we will see more buyers coming to market.
positions:
BUY LIMIT @$36.00 (initial bounce, watch price action, buy small amount in case we don't reach original support
BUY LIMIT @29.80 (channel support, good entry price...
- newby, but the only person you've got for XIACY in 2020 -
Xiaomi is on a roll, and as Huawei is losing market share in the west due to allegations of Chinese spying. But the market for cheap tech is booming.
They've also opened numerous webshops through Europe themselves to keep profit margins high and shipping time low.
positions:
BUY LIMIT @15.30 (first...
