Wednesday, August 3, 2016

China Aviation: A move above 1.50 after a 3 weeks consolidation.... NOW WHAT ? Also an exit signal finally a few days back... wait, will there be a RE-ENTRY on this move now?

Today we have seen a move for China Aviation above the 1.50 resistance level… after a 3 weeks consolidation….

Had sent a few emails last month actually when it kind of approached it… (See below)

And was actually expecting a move eventually…. It finally did.

Any clear price action can see us increasing our LONGS to RIDE further….

I was pretty busy and did not scan my system over the past week.

And when I did today, I SAW that there was actually AN EXIT SIGNAL a few days back, 28 July 2016 which is last Thursday to be exact!

Exit for what?

Exit for a previous BULLISH ENTRY on 10 May 2016 and 4 July 2016….. (see chart below)

Yes, finally the EXIT CAME,

Was thinking when would it be all along….

So, we are looking at a 64.5% GAIN IN LESS THAN 3 MONTHS…..

Congrats to some students who managed to ride fully…..

So the question now is…….

Will there be a RE-ENTRY AGAIN?

Not telling you  :p


All introductory workshops sold out as of now…… planning a few more….


Recent Emails:

Sent: Wednesday, July 27, 2016 9:46 AM
Subject: *******China Aviation: Still consolidating below 1.50, so far no clear price action above.... price 1.49

Sent: Wednesday, July 13, 2016 1:01 PM
Subject: ********China Aviation: Almost touching 1.50 where we can see some selling, price 1.47

Sent: Wednesday, July 13, 2016 9:14 AM
Subject: ********China Aviation: Pushing higher, uptrend intact above 1.40.... price 1.435

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