$CMG $LULU $DIS $TMUS - Contrarian Short
This is another contrarian short setup developed from today's market action. We cannot expect anything less than this after the wild market rally today.
Yes, the markets are rallying, but I am skeptical.
Positive Bullish Stories can be built for each of these, DIS - may start seeing traffic, Lulu should see more customers with Gyms on the verge of opening and +ve earnings.... etc.....
But, The setup is a setup. Its a High probability fade setup. Expecting a Consolidation for this run. Will it happen? May be not.
Everything comes down to how to enter manage your trade. I may NOT pick these up, because I have many short exposure. Infact will be hedging with Long positions.
Yes, the markets are rallying, but I am skeptical.
Positive Bullish Stories can be built for each of these, DIS - may start seeing traffic, Lulu should see more customers with Gyms on the verge of opening and +ve earnings.... etc.....
But, The setup is a setup. Its a High probability fade setup. Expecting a Consolidation for this run. Will it happen? May be not.
Everything comes down to how to enter manage your trade. I may NOT pick these up, because I have many short exposure. Infact will be hedging with Long positions.
Nota
Nota
TMUS - No Entry. Setup IgnoredNota
LULU has not triggered me in, But I am just surprised how it keeps rolling higher. Apparently we all need more yoga pants!!! :DNota
Out of DIS on this batch
Uday C Santhakumar
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Uday C Santhakumar
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.