20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Skypeople Fruit Juice Inc (NASDAQ: SPU) shares are trading higher by $0.65 (11.7 percent) at $7.30 in Monday's session. There is no specific news to account for the price appreciation..
Following a higher open, it sprinted to $8.88 before sharply reversing course. That matches to the penny its October 7 high and just above the daily highs from October 10 ($8.78) and October 11 ($8.75).
In typical fashion for issues that are speculated about on social media platforms, it has been unable to maintain its ill-gotten gains. In fact, it has tumbled over $1.50 from its intra-day high to $7.13 and isn't far off that low. In order to fill the void in price action from Friday's session, it needs to trade down to Friday's high ($6.79).
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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