Bearish
Fundamental
- High inflation macro environment / weak sentiment
- Funds Distribution
- Decent PE
- Negative PEG
- Decent P/FCF
- Strong Industry
- Supply and demand playing catch up ( over stocking )
Technical
- Momentum Theory Indicator - bearish divergence on the daily
- Price action formation ( rising wedge ) = diminishing bullish momentum
- Double tops
- Broke 2 years upward Trend line and rejected
- Price below 200MA
- Price above double top neckline / resting on major S/R
Entry idea
- Entry idea was based on few confluences
- A rebound to retest the upward trend line or 0.5 fibo
- A breakdown below the neckline and a retest
Stop loss depending on entry and risk appetite. But always set meaningful stops.
"if you cannot do great things,
do small things in a great way"
Cheers and happy trading!
Fundamental
- High inflation macro environment / weak sentiment
- Funds Distribution
- Decent PE
- Negative PEG
- Decent P/FCF
- Strong Industry
- Supply and demand playing catch up ( over stocking )
Technical
- Momentum Theory Indicator - bearish divergence on the daily
- Price action formation ( rising wedge ) = diminishing bullish momentum
- Double tops
- Broke 2 years upward Trend line and rejected
- Price below 200MA
- Price above double top neckline / resting on major S/R
Entry idea
- Entry idea was based on few confluences
- A rebound to retest the upward trend line or 0.5 fibo
- A breakdown below the neckline and a retest
Stop loss depending on entry and risk appetite. But always set meaningful stops.
"if you cannot do great things,
do small things in a great way"
Cheers and happy trading!
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.