Thai Beverage: Hanging Man!
Thai Beverage (THBEV) showed a Hanging Man, potential reversal pattern, at 50% Fibonacci Retracement Level after breaking down from a Symmetrical Triangle chart pattern. Minimum price target is $0.655. Standby to short!
Thai Beverage (THBEV) showed a Hanging Man, potential reversal pattern, at 50% Fibonacci Retracement Level after breaking down from a Symmetrical Triangle chart pattern. Minimum price target is $0.655. Standby to short!
Yanlord is currently trading in a Down Trend Channel but seems like rebounding from the down trend channel support at the moment. However, this Morning Star reversal pattern is not fully formed yet as it is not meeting the Morning Star Pattern criteria. Immediate resistance at $1.07 which is also the 200D SMA resistance.
So far the candlestick reversal patterns are relatively reliable for Yanlord.
To learn how to candlestick patterns to identify the trend reversal , check out the Technical Analysis Hands on class here.
Honeywell is currently trading within the range between $90 and $98. HON is facing the Rectangle resistance with a Hanging Man.
A few ways to short sell US stocks:
Note: When the stock market is at the high (especially now at historical high), it is essential for everyone to learn how to short sell safely. Short selling is a very important skill for a trader and investor (to hedge the portfolio which already making money).
Original Post by Marubozu My Stocks Investing Journey