Zoom Inverse Cup and handle
There is an upside down cup..... and an upside down handle of a cup ....
A daily close below 375 will trigger the short trade
TD red sequentials daily and Weekly already has triggered the trade.
Why I like this idea :
- Vaccines may mean investors turn their attention away from Covid stocks and towards e.g travel, ipos,
- Downwards moving daily short & intermediate moving averages
- Downwards curving 3D 20SMA
- MACD & RSI in negative territories
- If the weekly closes below the 20SMA - great.
Risks of this trade:
-Wide Stop loss - The swing high at 478 - 20% giving an unfavourable risk rewards ratio. Can use the Blue line 50SMA as stop loss but still wide.
- If heavy Covid vaccine side effects reported - this stock will likely reverse to the upside in anticipation of prolonged Covid and uncertainties on next vaccine (less likely scenario)
A daily close below 375 will trigger the short trade
TD red sequentials daily and Weekly already has triggered the trade.
Why I like this idea :
- Vaccines may mean investors turn their attention away from Covid stocks and towards e.g travel, ipos,
- Downwards moving daily short & intermediate moving averages
- Downwards curving 3D 20SMA
- MACD & RSI in negative territories
- If the weekly closes below the 20SMA - great.
Risks of this trade:
-Wide Stop loss - The swing high at 478 - 20% giving an unfavourable risk rewards ratio. Can use the Blue line 50SMA as stop loss but still wide.
- If heavy Covid vaccine side effects reported - this stock will likely reverse to the upside in anticipation of prolonged Covid and uncertainties on next vaccine (less likely scenario)
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.