LABU - Trendline: next stop

17. Juni 2016

I loved LABU's last 18$ run. I'm looking forward to see a 20$ run in the following weeks.
A perfect entry point could come if we tag the trendline again. I'm a little bit afraid that we cannot reach the trendline so most probably I will try to reenter in LABU early next week and if we tag the trendline I will be adding to the position.

RSI is in the ideal territory looks ready to bounce just like in the past.

I set this idea as long but I'm waiting for an entry point next week only.

23. Juni 2016

Anmerkung

LABU seems to be ready for the next 20$ rally.
Volume was horrible yesterday. Big blayers were betting on tady's rally.
We might see 2 fantastic days here.

23. Juni 2016

Anmerkung

Good day in LABU today.
Watch out S&P 500 ! Daily maximum. It seems that banks are 100 % sure that UK will stay...
OR
The US Govt. doesn't want to take some awful chances: if the vote is Brexit they want to have room to fall before the elections...
LOL

27. Juni 2016

Anmerkung

It seems we will have an intermediate correction during the following weeks.
I plan to close this position once we have a pop : probably Thursday or Friday.
I'm not selling in th is panic stage when the trendline is breaking down.

29. Juni 2016

Anmerkung

Still holding the LABU position. This is not just a bounce, the rally is starting again.

12. Juli 2016

Anmerkung

Guys don't freak out because of yesterday's red candle.
Every red candle is a reason to add for 2-3 weeks from now.
One could use the 10 EMA on the 4hrs chart to add to the position...