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Safe $ACM ShortACM is the most poorly positioned commercial construction company on the market on a financial and technical basis currently. We take advantage of a slow down in commercial building with commercial banking stress. ACM is only off 10% from highs currently only 6 weeks ago. ACM Book value is 4.52, 20% higher than its industry average. Profit margin is 7.81% for industry at 20.61%. 5 year declining revenue growth at -6% annum. Long term debt to equity is 110% to industry average of 80.5%. I think this could easily drop 50% into a recession. I have profit take at 33% support with stop loss just over highs at 14% for a RR of 2.39. I have a short position in ACM currently.
NYSE:ACMShort
by dilille010
NZDUSD ELLIOT WAVE BREAKDOWN (FINAL POSSIBLE DROP)NZDUSD is currently at the finish of wave 2 which happens to contain a complex correction (WXY) based on Elliot wave principle as you can see from the picture above. Wave C which should contain 5 subwaves ending the overall wave 2 is about to be played out. Let see how it plays out... Trade Idea: - Watch for a break of the red trendline for confirmation - Enter with stops below price - Targets: 190 pips Goodluck and as always, trade safe!
Short
by Ifeanyichukwuxx
1
Additional short ideaHi Traders Before continuing reading, please check out my first Bitcoin short idea. This scenario builds on that idea. Bitcoin has been consolidating high for the past week, yet markets are filled with bearish news. After our first rejection of the 28500 resistance area, Bitcoin looks set to move lower. If you missed the entry on 28500, here is my game plan to find another possible entry somewhere around 28k. Here is my Game Plan: - Bitcoin needs to consolidate further - Touch on the 28k area is needed for this setup to be activated - Clear rejection of 28k, if we push above 28k we might be moving higher, so I will be looking for an entry in the 27.9k area - Entry at a clear break of the trendline - Price movement needs to be erratic to the downside Please make sure to follow me on Tradingview for future setups. Have a fantastic day legends. Best CH
Short
by TraderCHgold
NVDA SHORT!! HIGH Probability Retrace to $200NVDA has been on a tear higher lately as has all of Tech despite the Banking failures. It seems everyone thinks Tech will outperfrom with lower yields. What people are failing to realize is that Lower yields are a sign of a flight to safety in BONDS and this implies a POOR Economic outlook. One of the 1st sectors to get his hard in a recession is TECH. Here NVDA is up against MAJOR Resistance on multiple time frames and notice all of those resistance lines converge between $255-$270. Several Broken trendlines are shown and notice that price has retraced to the "scene of the crime". Now Broken Support of those trendlines become a test of Resistance. With TL resist and Horizontal Resist all in this area this is a great area to SELL into the rally. SHORT NVDA at anything > $257. ADD To shorts up to $270 level. Max position is 10-11%% Capital in trade. This risks 1% if a CLOSE > SL = $280.16. Downside Target Price ~$200. 2.49 Reward:Risk Ratio Trade what you see!!
NASDAQ:NVDAShort
by eganon69
7
[Part II] The the incomming Capitulation for the SPYA bit of a summary of the first part of this chapter. The SPY has been trending upwards since the beginning of time. I believe the time has come for this bubble to burst mainly because of Elliot Wave Theory that coincides with the catastrophic macro economic environment. Looks bearish on macro scale and daily charts presenting bearish divergences. SPY could still trend upwards and go to the resistances stated above and accumulate more bearish divergences. My bias will change if weekly chart presents bullish divergence on the Elliot Wave Indicator (higher low in price with accumulation). Today My bias HASN'T changed since there hasn't been a higher low in price with an accummulation on the EWI. The price action of the last couple of months has been side ways action on the upper part of the range, which to me sounds much like a DISTRIBUTION. This distribution coincides with the corrective part of the Elliot Wave it is currently at. Today, SPY has lost momentum on the weekly chart, which means on the lower timeframes, price will try to be pushed upwards with more bearish divergences but it won't be sustainable and the unstoppable scenario of the Incomming Capitulation will be here. Weekly 200MA trending upwards at $372 Fibonacci extension 0.786 level at 314 Fibonacci extension 1 level at $286 Fibonacci extensions 1.382-1.618 at $204-$244 (big support and bottom of bear market)
AMEX:SPYShort
by gmemin
Bitcoin Shorting IdeaGood evening Traders, We had a wild week in legacy markets but also in crypto. With Bitcoin setting new highs, Gold above 2000 USD/oz, we seem to have a steep bullish sentiment of "store of value" assets. This move on both assets is an opportunity, what you need is a plan, a plan that helps you profit. Here is my Game Plan: - Bitcoin needs to push into box between 28500 and 29500 - We need to see some price consolidation - No big spikes above 30k (otherwise idea is rejected) - Drop right onto 28500 - Further consolidation needed - Once we break below 28500, trade is activated and I will be looking to short - Short when Bitcoin breaks 28300 clearly Hope this helps, but make sure to watch the video to understand the idea. Leave me a follow if you enjoy my content! Best TraderCH
Short
by TraderCHgold
3
BTC , SEE YOU ON MARCH 24I WILL NOT CHANGE THIS CHART. See you on MARCH 24 with the chart. That is after the day of FOMC MEETING on March 23. As a DAY TRADER you will ALWAYS have to adjust and expand/compress your TRENDLINES to get an ACCURATE TREND LINE. A little ADJUSTMENT to my previous BTC CHART. Even though BTC broke down from previous post's RISING WEDGE and still trading below it, which haven't invalidated yet , but still I BELIEVE this TRENDLINE is better than the previous one. My Short area stays still the same. Use proper position sizing. Start building your shorts. I have mines open already and I have over 100k$ liquidity. Because ALWAYS follow 1% rule. NEVER USE MORE THAN 1% OF YOUR TOTAL PORTFOLIO PER TRADE. You DO NOT have to get that ONE PERFECT TRADE where you entered at the perfect spot and took profit at the ideal breakout point. All you HAVE TO DO is , being CONSISTENT. Always earning small profits , minimizing risk to the lowest. RISK MANAGEMENT is the MAIN KEY for DAY TRADERS. You DO NOT have to be PERFECT. TRY to be CONSISTENTLY IN PROFIT while taking the MINIMIZEABLE RISK. Do not try to TIME the market. DO NOT SHOW EGO WITH THE MARKET. THE MARKET WILL CRASH YOU. Be consistent, #BTC #daytrading #cryptotrading #Cryptocurrency #bitcoin
BITSTAMP:BTCUSDShort
by HopeTheory_