Week 03-07 Sept. 2018

These are the trade that I will follow during the week. I comment as an opinion and should not be taken as financial advice. If you have any doubt, read the Terms and Conditions of the site

MU at the beginning of the week marked a weakness behavior because of the situation China – Usa for which remained in the 4hr chart all week in the Bear zone and with the MACD lines pointing down not giving any possibility to a potential trend to the long trade.
Therefore, looking for a trade in the 1hr chart, the same occurs when the price cuts the green MA21 line down and at the same time the momentum is below zero, entry 52.24 and exit at 45.53 when the price on the closing of the week lateralizes.

In the case of CLF there was a potential trend to sell short but in the sense of learning from the methodology you see that here you are in a Bull zone so a trade purchase is also possible if in the 1hr chart  price crosses in the other direction the green MA21 line as already explained in the methodology. This is marked because the difference of the short operation was notable with respect to MU the previous one and in the case of CLF the purchase operation would have been more profitable, although in my case 2% weekly is more than enough.

FSLR never set a long trend, so it was never possible to buy this stock.

CEMEX never set a long trend , so this stock could not be traded to the long side-