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!
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Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.