LIGHT.NV - Recovery from the COVID-19 idea

27 mag 2020

Looking at different markets for the first time. Seems Light.NV can build up a serious bull now as technology markets slowly start to rise again.

3 giu 2020

Trade chiuso: obiettivo raggiunto

Managed to take some profit this morning.

Open: 20.118
Close: 21.221
Leverage: x5

I still believe LIGHT.NV is in a upward channel and that it's in recovery from COVID-19. More analysis coming up shortly.

3 giu 2020

Nota

1W: When we look at the weekly chart and look at the previous trend, we can clearly see there's a new trend building up. We could be in the middle of a bull breakout by the looks of it:

3 giu 2020

Nota

On the hourly chart you can extrapolate the higher lows and fit them onto an upward curve, which is supported by an upward channel as well since around half of may. This is indicating a strong bullish trend.

3 giu 2020

Nota

When we look at the 4H chart, there could be a cup and handle in play also indicating a bullish trajectory. If this checks out we might be hitting resistance (somewhere between 30.00 and 33.00) when trying to continue the trend from last year.

3 giu 2020

Nota

Every day volume seems to close positively. Here's a short analysis based on the 5M chart.

3 giu 2020

Nota

30 minute time-frame:

3 giu 2020

Nota

After may 26th all the MA's have recovered and the chart hasn't gone below ever since. Moving averages look promising.

3 giu 2020

Nota

Wrong MA values, ignore previous screenshot:

3 giu 2020

Trade attivo

I decided to set a long position and the some more risk than normal. Usually I set my stoploss on around 30-35%, but this time I'm willing to take the risk and set it at 50%.