In todays post we look at some interesting trade setups but difficult to build conviction given some are contra trades.
- Forming a triangle.
- A quick 10% plus move on either side post a move beyond 715 or 665
- Bias more positive.
- Looked oversold at 170 also but bounce fizzled.
- Back to where it started from 160s.
- Down from 250-280 zone.
- Looks HnS , inverted cup and handle. Targets would come too crazy on downside theoretically and thats the reason can be a big bounce trade.
- Strict stops at 155.
- 3-4 failed attempts to sustain 430.
- 4-5 attempts at the 360-380 mark.
- A good risk reward with retest of last breakout and a good 25% plus cut from peak.
- Eventually can it rise from here and go all the way to 500 +
- Stoploss 360/340.
- Big Price Volumes Breakout on a day when markets sulking.
- Pulling back to the breakout point.
- Stops at the big candle low of 660.
- Eventually a big breakout possible.
Interesting Reads and Updates
1) Smallcap Shakeout/correction and crash.
This is a must read
2) Smallcase Launch -
Good time to subscribe to our services ( always better to start post a drawdown.)
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