I was doing this chart last night, but was too tired and lazy to draw anything. Could you see? FTCH is one of my fav stocks and is the best trading and highly volume traded stock in the segment. Still purchasing high end tax free from overseas at Farfetch!
Just found this interesting to get it once it breaks. If it does, it will finished the extension trend.
I'm making a profit since I added some during the GAP. I am not afraid of gaps because this is Apple! Red tag $120 is the resistance. I will sell it if it didn't break up the resistance (meaning once rejected). Then, ER in a month. Coincidence? Trading wisely, folks. Next thing is... 90's GAP. I am scalping, however, have long term core positions intact.
I love newbies all time traders trade this #followmyinstagram #itsnew #luckysavvytrader
Good news to SHORTERS only
The spike up had created a gap. A gap can be good and could be bad. I'll choose to take the profits and keep the capital now. This stock took my longest patience since my last post was on 8.24.2020! I will def keep you guys posted on some good trades that pops like this. You just need to wait on the sidelines a bit. I love NIKE and I still LONG for long term.
I was tempted to get in with a small position. pricing looks like bouncing back from 50% fib retracement, and I will trade this just short term at this time. Stop loss will be 52, below their support at 54.68 Thanks for giving likes!
Technically, you are not. It just break out. However, I don't know how the candle the next day will be like, but if you look at the weekly chart, it looks pretty. I call it a juvenille stock just because it has more upside versus the downside of it. I had a post before, however, my ideas changed as trend changes.
Don't get me wrong. I do not own this stock now, but before the pandemic time, I did (and I loved it). As I told a buddy who asked me about analyzing this chart, this GOOS got killed. I will trade with break out price since what ever that is in front of me depends on buying pressure, BUT surely no squeeze! 99.9%! And looking at the resistance and supports, all...
I stayed away from this stock just because the fib extension showed it finished it's trend. When then break out is done and sell off kicked in, no one should touch it until you see a clearer picture. Remember, patience is gold. Below attached is my past post about NKLA. Still love what I said.
You may have seen so many similar charts that look like this before And this is no difference. Are you guys very excited to the vaccine? However, if you like the noise from the news, you would trade this. But news will make your emotions hit the roof. GL trading! My word of advice? You'll be trapped in different price. Place ur bet. Investment Strategy? It...
Hope you guys have a great weekend even pricing is not on the green side. TSLA will be more volatile than ever and it just need to bounce around more. If you are long, close you eyes, and invest little when it hits low (when's the low? I'll let you know in future). But heck no, I seldom like to look at Tesla, but I see people are panicking about their money....
I hope I get good comments after posting my face XDDDD Sorry for the short explanation. I will def do more on some insights and strategies when you are trading swing and day trade without falling into *traps* Shoot me any questions and I'll try my best to analysis them! Happy trading! *I still think we need more price actions to confirm a CONFIRMED BEAR...
My position @107 Strategy: Hold til price get totally rejected with bad candlestick Why hold: I think it still wanna get greedy or finished the who Fib Extension play. Sell price: please see price tag listed above. I'll def sell around that area and leave happily with my profit.
Orange arrows indicate gaps that never been filled. If you have a long term plan and would like to buy cheap, this is the opportunity! Never think gaps won't be filled... you will be surprised that these pricing will haunt you if you put your position without know it! Overall, I LONG for TESLA
Also do your research on divergence with other technical indicators. This video is just 1st part of how you analysis a chart. Trade on and happy trading!
The market is so hot and greedy I am holding what I've been holding from last few weeks and let them run hot I will buy more only if $SPX500 test back to lows (at least fill the healthy gaps), then break new highs and also tested in order to buy. This market will drag until November =_= Orange lines are the gaps for reminders.... Previous history showed these...
When rumors are talking about JP going to make a speech.. a correction coming... you may think BUY MORE, too. But I am caution with anything with a GAP. It has to be filled sometime. And when technical indicators are giving some messages... take some profits is not a bad thing to yourself. GL! NO FOMO, play more next time.