UUUU - sold last week and monitoring for reentry, but not liking
how the MAs are pointing down with 9 crossing down over the 20.
If it doesn't sustain this bounce, it may revisit the lower
trendline.
Posted by timebandit on 18th of Jun 2021 at 11:04 am
I also sold my position, but toyed with setting a buy stop at
the 50 ma for a trade. Unfortunately, did not pull the trigger. The
dollar has gotten extended and is due for a little pullback/pause.
$TNX is setting up for a potential bounce here with positive
divergences forming. We'll see. I agree though with your concerns.
This would have been a bounce trade.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
UUUU - sold last week
UUUU found willing buyers at the 50 ma
Posted by rjdst on 18th of Jun 2021 at 10:56 am
UUUU - sold last week and monitoring for reentry, but not liking how the MAs are pointing down with 9 crossing down over the 20. If it doesn't sustain this bounce, it may revisit the lower trendline.
I also sold my position,
Posted by timebandit on 18th of Jun 2021 at 11:04 am
I also sold my position, but toyed with setting a buy stop at the 50 ma for a trade. Unfortunately, did not pull the trigger. The dollar has gotten extended and is due for a little pullback/pause. $TNX is setting up for a potential bounce here with positive divergences forming. We'll see. I agree though with your concerns. This would have been a bounce trade.