Buy $ | Sell $ | Sell Short $ | Buy Back $ | Stop Loss $ | Profit / Losses | Duration |
11.00 |
|
|
| 10.70 |
|
|
Reason for Buy / Sell / Short / Cover:
- All indexes are getting weak.
- AAPL stock got hit and start to get weak and AAPL constitute a high percent in QQQ ETF. Instead of shorting AAPL, we can actually invest in SQQQ.
- Intraday has demonstrated 2 weeks of uptrend channel and $11.00 looks like a promising entry point not to be missed.
Lesson Learnt:
- Daily and Weekly charts indicated that we have SQQQ has a turning point at the start of April month.
- From the weekly chart we can see a high volume supporting the turning point.
- All daily and weekly secondary indicators all shouting for entry.
- Daily chart shows that price has poke through its 20MA line and now 20MA line is curving up and become a support line.
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