We at Absolute Traders believe technical analysis can maximize returns in favorable markets and protect capital in unfavorable market climates.
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Citic Pacific (267)
Perfect Box Breakout Chart.
The drama of this chart is very simple. The breakdown from 20 dollars to 4 dollars was mainly the derivative losses coming from the company’s AUDUSD position. If you look at the AUDUSD currency chart position, it is very similar. They are identical twins.
The AUDUSD chart looks like it’s going [...]
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B - Buy
T - Target
S - Stop / Cut Loss
BE - Breakeven. Move stop / cut loss to your buying price.
TBD - To be determined.
Market - When buying, this is the opening price or better. When selling, this is the current price or better.
Wait - You wait.
Open - The trade recommendation is triggered. If you just read the status update and you are still not in the trade, you might be too late. In such cases we would recommend that you do not take it.
Cancelled - The trade idea or recommendation was cancelled.
Closed - Trade recommendations will be closed once the trade is exited
