I bought Interra on afew occasions in Dec.
1st Trade: In 39c out 40.5c
2nd Trade: In 41c out 44c (today)
This is what I saw that prompted me to play... Will consider re-entering on pullback
Midas
I bought in at matching today @ 45c.
This is what I saw...
Both Daily and Weekly show nice inverse head and shoulders breakout. The Daily shows a gap at 52.5c to be filled. The inverse H/S target is 60c.. which happens to be former strong support turned resistance.
The Monthly also shows nice bullish divergence....
Support at 44c and approximately 40c.
Great trade on Midas. What's your view on Interra?
ReplyDeleteHi!
ReplyDeleteThanks for the compliments.
For Interra, it seems to have lost abit of steam for failing to break past 46-47c.
It might be an opportunity to buy if it falls to a price somewhere in between 14ema and 20ma. (this has expanded abit to between 41.5 to 43c. Preferably 42c) However, do watch out if it gaps down towards 41c.. might form an island formation as it previously gapped from 41.5 to 42.5.
Another opportunity for a long position might be around 41c (whereby the trendline is and possibly the 100d 200d MAs maybe in the future) but I rather wait and see at that price.