According to the charts, the ride up to $ 1000 will be bumpy, with
periods of profit taking and resistance, especially around the $ 800 range.
In a strong bull trend, resistance usually results in a pause
because of profit taking or attempts to pick a top, but the trend then resumes up to the next resistance level.
We're seeing the second
wave of profit taking from the rally top today and the market's willingness to resume advance will be confirmed if price can hold above $ 680.»
Malloy says the $ 1 billion surplus is in part a result
of profit taking from Wall Street, so the money should be left in the rainy day fund to help the state weather the next economic downturn.
Now there's a way to take it back — and grab a share of the profit
The report made for good reading, to be sure, but with the stock trading near an all - time high going into the release, it was unable to climb further and swim against the
tide of profit taking that ensnared the broader market on this particular day.
The externals have been mixed so far this week with the global equity markets in a light
round of profit taking selling while the U.S. dollar is correcting to the downside after hitting new highs against most major currency pairs.
If the
rate of profit taking is controlled, through forced reinvestment by company tax, one way to capitalise and to expand the consumer market to increase the velocity of capital (and thus capital taken even if the proportion is still lowered) is through wage rises.
After acquiring the minor target it is reasonable to expect some
kind of profit taking type pullback, so don't be surprised completely if we see a test of the 1180 area.
This further upward movement, if confirmed should increase volatility and create confusion, leading to a
lot of profit taking action and false signals that could produce a lateral sideways market.
However, towards the end of the trading day there appeared to be a great
deal of profit taking as Bitcoin retraced back below the $ 10,000 and fell towards $ 9,000.
Don't go barking up the wrong tree in the Year of the Dog A predictable
wave of profit taking and risk reduction, as is standard form ahead of US long weekends, dominated Friday session leading to USD gains as US yields pulled back.
You can spend the money yourself or in this case have Rogers take the risk for what they hope will be for a share of the profit
In a bear trend, the market usually falls through all support, although it often pauses at each level
because of profit taking or attempts to pick a bottom.
From there, a big
bout of profit taking is expected through another lateral sideways market — like the one we had seen since August — without any bear movement.
To understand how the strategy works, let's say that following a strong upward move (e.g. from point A to B), the market retraces a little (to point C) because
of profit taking and / or top picking, before continuing in the original direction (beyond point B).