We at Absolute Traders believe technical analysis can maximize returns in favorable markets and protect capital in unfavorable market climates.
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Ok here’s the gameplan.
Similar to Round 2, PX is on unchartered waters — Making new highs accompanied by wild volume. In round 2, instead on selling on target at 8.8, I held on to my shares until a clear reversal. We can do the same but the problem I see is that in round 3, [...]
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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
