The following Short Trades have been moved to the Completed Trades category as they have either exceeded their suggested stop (or any reasonable stop criteria, if none listed) or they no longer look compelling from a risk/reward perspective: AMTD: Regained the uptrend line shortly after the breakdown & went on to exceed any reasonable stop. AMTD may be added back as a new short setups soon as the charts have come full circle & once again look ripe for a correction. CBOE: This trade bounced, as expected, off of the S1 support level but continued moving higher, exceeding any reasonable stop. [...]
AMTD will trigger a short entry on a break below this bearish rising wedge patter. Stops will depend on one's entry price and preferred target level(s). Click here to view the live chart.
if you missed the post on the investment brokerage sector last week, you might want to review it by clicking here. here's the updated chart showing that this sector continues to be in near free-fall mode, with the entire sector down nearly 24% in less than just about the last 7 weeks. i was going to post some of the individual charts of concern as i'd imagine the majority of people reading this post have money at one or more of the following brokerage firms. however, since most of the charts look very similar, here are a few of the names [...]