X Contrarian

7 de out. de 2019

X has had a long movement down, analyst targets downgraded, labeled as a strong sell, shorts picking up, etc. However RSI is showing bullish divergence. Going to take a shot at a contrarian trade here. Going to put the target at the convergence of

• Top of Ichi cloud
  
• SMA100 projection
  
• Fib Level
  

Which is around $13. This one has a wide-ish stop in case the price hits the bottom of the triangle again.

9 de out. de 2019

Trade ativo

Price plunged from nearly $11, Active at 10.18.

30 de out. de 2019

Trade fechado: stop atingido

Up to this point I've just been sitting through the ups and downs. Decided to try a 0.4 trailing stop the other day at the peak. Thinking it would provide some buffer for a retracement if it has steam to keep going up, but take profits if this is it.

The trailing stop triggered at $12.18. Nice $2 ~20% gain. Will continue to watch to see if I jump in again.