MKTX broke its massive bull run trendline that started since 2009. A huge head and shoulders formation in the weekly chart (May 2020 - Sep 2021) was broken in September, signaling a reversal and weakness in the stock. MKTX now has a pullback to the neckline at $410, offering another opportunity to short with an attractive risk/reward.
Stop loss at neckline @...
GE had a runup of ~90-100% from its 2020 lows, then consolidated in a horizontal range for the past 8 months, and is now showing weakness breaking down the $95 support level.
A short opportunity at the current price, with slight resistance at around 85. The 65-85 level looks thinly traded so it is possible that GE may have further gap downs towards 60. Stop-loss...
Disclaimer: The contents are for informational purposes only and do not constitute investment or trading advice.
BAC is in an upward channel. A reverse head and shoulders/ascending triangle pattern formed between Jun-Sep and the neckline was broken @ $44.
Price has now pulled back to $44 support and if this level holds, BAC has the potential to rise to ~$52...
My first trading idea on tradingview, the contents are for informational purposes only and do not constitute investment or trading advice. :)
A short opportunity for BA with the break of a descending triangle and price<ema50<ema100. A pullback to the baseline of the triangle was a great entry @ $209-210.
The current price of 196 still presents an opportunity to...
