Weekend Trader Update and some more:
Biden resigning from the race in my humble opinion guarantees Trump a win. Although I am not in the analysis business general sentiment is that this will be positive for the stock market.
- I have been stopped out of VRT
- Moved my stop in NU up to 12.85. I will add to the position on a breakout above the last weekly Doji/Hammerish bar
(ignore the last bar in the picture, this is how Interactive Brokers visualize the premarket price before the Open, it’s a bit confusing)
- I will enter MMYT on a breakout of the highs of the last weekly pin bar
- If you missed the news on CrowdStrike. There was a massive Upthrust example on the short side. I had this stock on my watchlist for a Buy, but the news created a 1 to 20 Risk to reward Upthrust to the downside
Note how the price is below the Bowtie, the previous high was overtaken. Shooting Star and it dropped massively.
That’s all from the Weekend Trader Update.
Happy hunting, Folks!
