LABU - Trendline: next stop

2016年6月17日

I loved LABU's last 18$ run. I'm looking forward to see a 20$ run in the following weeks.
A perfect entry point could come if we tag the trendline again. I'm a little bit afraid that we cannot reach the trendline so most probably I will try to reenter in LABU early next week and if we tag the trendline I will be adding to the position.

RSI is in the ideal territory looks ready to bounce just like in the past.

I set this idea as long but I'm waiting for an entry point next week only.

2016年6月23日

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LABU seems to be ready for the next 20$ rally.
Volume was horrible yesterday. Big blayers were betting on tady's rally.
We might see 2 fantastic days here.

2016年6月23日

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Good day in LABU today.
Watch out S&P 500 ! Daily maximum. It seems that banks are 100 % sure that UK will stay...
OR
The US Govt. doesn't want to take some awful chances: if the vote is Brexit they want to have room to fall before the elections...
LOL

2016年6月27日

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It seems we will have an intermediate correction during the following weeks.
I plan to close this position once we have a pop : probably Thursday or Friday.
I'm not selling in th is panic stage when the trendline is breaking down.

2016年6月29日

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Still holding the LABU position. This is not just a bounce, the rally is starting again.

2016年7月12日

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Guys don't freak out because of yesterday's red candle.
Every red candle is a reason to add for 2-3 weeks from now.
One could use the 10 EMA on the 4hrs chart to add to the position...