Yesterday, Wednesday 8/10 I featured the LDK long trade
In that post, I mentioned LDK looks to be a good trade on a pullback to 10-bar moving average on a 30 min chart.
Yesterday I posted a follow up as that target was met @ $5.86
Take a look at LDK today...
LDK is up 10.68% on the day and over 6% from our entry point.
Longer term, there's good confirmation.
Short term LDK looks ready for an intraday pullback. I would take most or all of my profits and look for another entry somewhere around the $6.00 area.
Is interest rates about to start going up?
-
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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