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myceliium
٢٦ آذار مارس ٢٠٢١ ١٥:٠٦
RH: Cycle completion after earnings rally?
بيع
NYSE:RH
240
RH
NYSE
الوصف
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٢٦ آذار مارس ٢٠٢١ ١٥:٠٦
quicklook: High probability that RH has come to the conclusion of its year-long rally. Long-term outlook on the left, short-term on the right.
Since this idea covers weeks-months, won't go too in-depth but will try to post weekly updates
Entered short position. on the pop to 575. Let's see how this goes
أغلقت الصفقة: تم الوصول لوقف الخسارة
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٦ نيسان أبريل ٢٠٢١ ٢٠:٣١
Forgot to update this one - still exploring the bearish trade for the long term but the low float here could carry RH to 2.618 fib level (~630)
Wave Analysis
Trend Analysis
Elliott Wave
التعليقات
gsenthilanand
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٦ نيسان أبريل ٢٠٢١ ٢٠:١٠
Hi
@myceliium
,
Is this strategy still valid ?
myceliium
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٦ نيسان أبريل ٢٠٢١ ٢٠:٣٠
@gsenthilanand
, I closed my short position and have been watching for a re-entry. At the moment the long term strategy is valid but RH could rally to 630 in the short term considering the low float
gsenthilanand
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٧ نيسان أبريل ٢٠٢١ ٠١:٢٠
Thanks
@myceliium
.
myceliium
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١٩ نيسان أبريل ٢٠٢١ ٢٣:٢٣
@gsenthilanand
, with RH @ 640 I have began to reconsider the short position. I would say this is a much safer place to enter a bearish position
gsenthilanand
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٢٠ نيسان أبريل ٢٠٢١ ٠١:٤٩
@myceliium
, Thanks a lot for remembering to update this post on current setup.
Would you recommend a PUT or going short on common stock ?
myceliium
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٢٠ نيسان أبريل ٢٠٢١ ١٣:٥١
@gsenthilanand
, I mainly trade option so the 600P 6/18 is looking most attractive to me right now
mhmokhtari2000
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٢٨ آذار مارس ٢٠٢١ ٠٠:٢٠
agree
المزيد
Is this strategy still valid ?