Potential key reversal bottom detected for NHC

16 Mar

Await signals for entry such as DMI/ADX and/or RSI swing to the bullish direction.

Stop loss for the trade involving NHC (and indication that this trade is an absolute 'no-go') is any trade below the low of the signal day of 14th March (i.e.: any trade below $3.64).

21 Mar

Not

UPDATE (week ending 21-Mar): A trade for those who are comfortable with their level of risk and not prepared to chase after the gap occurred, depending on your entry point. For those who entered at a point according to disciplined trading plans, congratulations and all of the best. The gap-up on the 18th March didn't provide a terrific reward-risk ratio on a personal level, with trading the prior day after earnings not meeting specified criteria of signals for entry noted above with respect to DMI and RSI. All of the best to anyone who has been able to take advantage of the trade. Coverage ceased.