Stock Trading VZ January 29 2018
After long time out, I’m back, with new way to trade, and creating better results than crypto currency.
Due to poor Canadian laws in Forex market, I couldn’t trade Forex anymore. So I had to switch for new setup in stock market, where I can have higher results than crypto-currency could offer to me.
This type of trading is not harder, just different. I apply chain option for greater results.
Because of chain option complexity, I won’t talk about in my future blog. Only dictate the direction, price you can get at (option chain), and price you could sell it.
So far, it’s doing great, how ever, not that due to my new set-up, I will probably go through trial and error for first few time.
Stock Profile
Industry Analise
Weekly:
- Telecommunication Sector price keep doping month after month.
- It price are in reversal range.
- Price fail to retest last highs, and start to drop.
Daily
- Here we can see week the week movement. Opening with a strong gap, doesn’t sounds good for buyers.
- Looking to see , M pattern, go directly to Target 2.
- Price should stop at target to for certain days and fall to Target 3, with an Dead Cat Bounce entry.
Stock Analyse
Weekly
- Hitting Reversal range, with 3-5 double top, depending how you look at.
- Yes the last candle look bullish, how ever, this it’s a trap maid by news release.
Daily
- First thing I can see, Head and Shoulders in formation.
- Looking to go short, then Long with tight stop, to get my 2nd shoulder, and short again.
- Selling with pre-maid target , without hesitation for maximum gain.
- If it keep moving down or up during what time of my set-up, take the profit and let the trade go without regret.
4hours
- Great Gap down, following by a fill the gap trade.
- Tomorrow big day to see stock price falling.
- Looking for break last bottom at ~53.30 and better if close under.
- waiting to see how market will react at 2:30 – 2:45 to see if I stay or getting out with my P/L.
Option chain price projection
- Price at 1.21 once it hit Target 2 , we should be able to sell it at around 3.00
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