Trading Journal 101019: ATVI Long
Technical Analysis: W pattern formed. Previously one green doji tested the neckline and hold the price. Assuming price will continue uptrend. Enter for W pattern setup.
Technical Analysis: W pattern formed. Previously one green doji tested the neckline and hold the price. Assuming price will continue uptrend. Enter for W pattern setup.
Technical Analysis: Market is at its value. Price from upside back into value and break to downside. From Price Action view, seller attacks with big full red candle. Then seller tries to attack again with second big full red candle, in meanwhile, price already broke to downside, but price is very stable and back to…
Take Profit: NFLX spikes with volume, we walk away with 8% profit. Profit taking happened in 1am midnight, making profit while sleeping. Pattern b setup successful.
Technical Analysis: Pattern b breakout setup Fundamental: Apple recently releases their latest products. During presentation, presenter mentions Apple intends to enter original content market which dominated by Netflix. If fundamentally comparing two companies, apparently Apple is cash-richer than Netflix, given Apple competitive advantage. Click here to Trading Result