Tag Archives: oversold

Trade: CBUY Bullish Divergence Oversold Buy Opportunity

Trade: CBUY Bullish Divergence Oversold Buy Opportunity

Snapshot:

CBUY Bullish Divergence Oversold Buy Opportunity
CBUY Bullish Divergence Oversold Buy Opportunity

Reasons For Trade:

  1.  6p acting as a support
  2. RSI is showing bullish divergence
  3. volume increased

Stop Placement:

3.7

Targets:

First: at 1.618 Fib extension i.e. 9.3p

Second: 12 p where previous structure is

Third: 17p where 200 sma and price action gap is

Trade Execution:

Take either multiple positions on each target completions based on market condition or take one position and sell 3 times.

Concerns:

None

Planned News/Events Expected:

Unknown

Post Execution Review:

 

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Leave a comment: I would love to hear your thoughts, suggestions on this topic. Please leave a comment.
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Disclaimer: This web site is just my financial trading log and is for educational purposes.
Please do your research, analysis and take your decisions. You must not rely on my actions or analysis.
Please see the Disclaimer page.
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Trade: HYR Oversold Buy Opportunity (London)

Trade: HYR Oversold Buy Opportunity

Snapshot:

HYR Oversold Buy Opportunity
HYR Oversold Buy Opportunity

Reasons For Trade:

  1. Oversold
  2. Reaching support level 3.7
  3. Directory’s buy today on 7th of December

Stop Placement:

3p

Targets:

First Target: 5p

Second Target: 6p

Trade Execution:

Watch for the price action to reach below 4p.

Concerns:

None

Planned News/Events Expected:

Unknown

Post Execution Review:

 

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Leave a comment: I would love to hear your thoughts, suggestions on this topic. Please leave a comment.
---------------------------------------------------------------------------------
Disclaimer: This web site is just my financial trading log and is for educational purposes.
Please do your research, analysis and take your decisions. You must not rely on my actions or analysis.
Please see the Disclaimer page.
---------------------------------------------------------------------------------

Trade: Buy RENEURON GROUP PLC (RENE)

Trade: Buy RENEURON GROUP PLC (RENE)

Snapshot:

Buy RENEURON GROUP PLC (RENE)

Reasons For Trade:

  1. Nearly oversold
  2. Reaching support level

Stop Placement:

1.8p

Targets:

First target: 3.5p where 200sma is

Second Extended Target: 4.0p

Trade Execution:

Wait for the market to get into oversold territory and reach the support level. Watch the price action at support level at 2.435p

Concerns:

None

Planned News/Events Expected:

Unknown

Post Execution Review:

 

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Leave a comment: I would love to hear your thoughts, suggestions on this topic. Please leave a comment.
---------------------------------------------------------------------------------
Disclaimer: This web site is just my financial trading log and is for educational purposes.
Please do your research, analysis and take your decisions. You must not rely on my actions or analysis.
Please see the Disclaimer page.
---------------------------------------------------------------------------------