Short
Something caught my eye. Razer 1337.Hk
HKEX:1337
It's against the big trend in HKEX since it recovered above EMA 200 but it's still 4/5 on my rating card so I did a position shorting Razer to swing low.
RRR not great but good at 1.6 if I can ride through the swing lows since we will meet a small support later.
Key factors why I entered:
- At support turned resistance level
- Price rejection with volume supporting rejection
- 4H same picture as well, only difference is that it's above EMA 200 but has since reached resistance level
- Momentum at healthy levels (40x Stochastic reading)
Let's see how it goes.
Cheers!
It's against the big trend in HKEX since it recovered above EMA 200 but it's still 4/5 on my rating card so I did a position shorting Razer to swing low.
RRR not great but good at 1.6 if I can ride through the swing lows since we will meet a small support later.
Key factors why I entered:
- At support turned resistance level
- Price rejection with volume supporting rejection
- 4H same picture as well, only difference is that it's above EMA 200 but has since reached resistance level
- Momentum at healthy levels (40x Stochastic reading)
Let's see how it goes.
Cheers!
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.