What Trade Would You Do at This Point?

[GoOptionsPro 10]

Sorry did not want to include the stock symbol here, so we can have pure technical based responses. It would be nice to put some thoughts and then we will see where the stock moves and why it moved there and how was our analysis spot on or incorrect.

 

Please see attached ..

[shuvo7748 10]

Sorry did not want to include the stock symbol here, so we can have pure technical based responses. It would be nice to put some thoughts and then we will see where the stock moves and why it moved there and how was our analysis spot on or incorrect.

 

Please see attached ..

 

Hello GoOptionsPro,

 

i just see this post. Thank you very much for this posting. I have some another question. if you know please ans this.

 

I read a lot about trading in the ingame hints, but still cannot figure this out.

 

When I send a merchant to a trade node, I have the option to collect money from the node or to steer the trade "uphill" to another trade node.

 

What advantages do I get by trade steering? If I send someone to this trade node, is it not equally good to collect the money there right away?

 

Does it always make sense to steer trade between two nodes I have merchants in?

 

Who know about this please answer.......

[MightyMouse 12]

Sorry did not want to include the stock symbol here, so we can have pure technical based responses. It would be nice to put some thoughts and then we will see where the stock moves and why it moved there and how was our analysis spot on or incorrect.

 

Please see attached ..

 

The stock price is in a down trend. It's always a good bet to bet on continuance and not try to be a hero and call a turn.

 

The indicators you have chosen to display are indicating a divergence which may lead you to think that the stock's price is going to go up and not down.

 

Price has made a new low and a higher periodic high and not a lower high. I would want to see a lower high and a lower low to be confident about a short. I would also want to see a higher low get put in, which was not, before I was confident about trying a long. If it broke out above the recent high, then a higher low would have been but in.

 

If I had to trade this, I would take a long with a buystop entry above the high made around 65 or I would take a short with a sell stop entry if it made a new low. I might try a short from a higher price with a sellstop if I could find a window of opportunity in a lower timeframe. I would get short on a lower timeframe since being short is consistent with the major trend down. I would not want to get long on a lower timeframe than the timeframe being displayed on the chart.

[GoOptionsPro 10]

Hello GoOptionsPro,

 

i just see this post. Thank you very much for this posting. I have some another question. if you know please ans this.

 

I read a lot about trading in the ingame hints, but still cannot figure this out.

 

When I send a merchant to a trade node, I have the option to collect money from the node or to steer the trade "uphill" to another trade node.

 

What advantages do I get by trade steering? If I send someone to this trade node, is it not equally good to collect the money there right away?

 

Does it always make sense to steer trade between two nodes I have merchants in?

 

Who know about this please answer.......

 

I have no idea what you are saying here Shuvo77..

[kdnash82 10]

I'd wait for a retest of the previous low. I'd look for support along what looks to be the 62 line. If it holds then I'd look at a long entry. If it closes below then I'm short.