HIG is breaking down out of a bear flag. The recent 3C action on the DAILY chart has shown a very negative divergence recently. Take a look, a stop can be put in just above the breakdown point /support or a bit higher-this still becomes a high probability/Low risk trade if the 2% rule/position sizing is used and it has already proven itself thus far. I like the short trade here.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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