This week we’re looking at a long idea in the Pharma space.
Two things on our radar have been the Euro/Rupee pair and Natural Gas, and both are retesting key levels this week.
Here’s a quick update of our risk management levels and broader thesis.
From the desk of Tom Bruni @BruniCharting
In yesterday’s Members-Only Conference Call, we outlined our view on Precious Metals and provided several new trade ideas in the space.
All of the Miners we looked at were US-listed, so today I want to look to those listed on the TSX to outline which have the best reward/risk at current levels.
This is the recording from the live September 2020 Conference Call for Members of the Allstarcharts India! Before getting into individual stock ideas in India, we’re going to first start with the global macro perspective. Once we identify the direction of the underlying trends from a structural and broader view, then we’ll dive into the NIFTY Indexes on both longer-term and short-term timeframe. We want to look at Large-caps, Small-caps and everything in between before getting into the Sector and Industries themselves like Energy, Banks and Pharma.
This is when we finally break things down to the individual stock scenario with identified risk vs reward opportunities. That is what this is all about – aligning ourselves in the direction of the underlying trend while at the same time identifying where the risk is to make sure the potential reward is skewed exponentially in our favor. You will find that throughout this process we discuss Momentum, Fibonacci and Relative Strength. I encourage you to check out the Education Section so you know exactly where I’m coming from when you hear me mention these tools.
Here is the video in full:
This week we’re trying a long idea in the IT space.