2001: AEX broke the 4 year positive trendline and from that moment dropped 57% in the following 105 weeks. After breaking that trendline the price recovered until slightly above the initial break point. From there the real downward rally continued. In hindsight this point of recovery would have been an excellent short opportunity. 2008: AEX broke the 5 year...
Strategy to profit from big dip in this stock with good chances for a rebound. However exit strategy for when things really go southwards with ASML.
The falling wedge patter that has formed since the beginning of the year has been broken. Time to go long for a rally upwards. Bought at 55,56 Dollars
Decreasing triangle here in a downtrend. Getting a short position here around 148, looking for a dip to at least 140 (where we found a few time resistance lately). Did so with a IBM SL 165.60 HB 4.49 FN 179.07 R 10.00 BNP Paribas Turbo Short. Little margin between the most recent peaks before this triangle and the Stop Loss level. Target is a 20/25% ROI before...
- RSI below 30 - Around Fibonacci retracement support level 1914 - Around Trend Based Fibonacci Extension 1897 support level - MACD: increasing momentum. However, previous momentum streaks were 10-30 days so I would suggest to wait a bit longer. - Price dives under Bollinger Bands - High volumes Conclusion: wait till panic selling stops (RSI goes up, price back...