hi there, u can hedge a long position by selling calls & a short position by selling puts. another way u can hedge is by selling spreads against ur position (called cost reduction). finally, u can average up or down, but I wouldn't necessarily pick that option. those are just a few methods, there are others. hope that helps.
hey kandunn. over the last 8-9 sessions, it's been trading in a 2pt range on the hourly & daily charts. support 59.70ish & resistance 61.90ish. after er, it tested the 20ema & bounced. once it breaks this range, it will be good for a continued move in the direction of the breakout. hope that helps.
hi kandunn. the reason it keeps fading is becuz it keeps bumping resistance. i answered ur question in more detail on the other brd. have a good weekend.
2 large h/s patterns. first one made it to prc tgt at 100ish. second one, prc tgt is 66ish with the halfway point being 89-90ish (that's also a support lvl). it's oversold & bouncing off the lower keltner band, but those are the lvls to keep an eye on.
hi kandunn. this closed outside the range today but wasn't confirmed with volume. eod candlestick is a hanging man which is bearish but needs confirmation. tomm will be more telling.
u'll notice since beg of yr, sell downs have been supported at the 100dma.
this trend needs to continue or there will be more downside. this is the lvl to
keep an eye on next week.
short interest update - pretty much unchanged (down about 1 1/2%) but that was to be expected.
i expect to see a decline on the next release as it will include the recent selloff & some shorts will
likely cover on this dip.