We recently joined this forum and would like to take a moment to tell you who we are and what we do.
Sentient Trading Partners is a newly formed venture run by professional traders. Our reason for being is to provide actionable trading ideas to individuals interested in actively managing their personal portfolio.
We use technical analysis to formulate short-term, high probability, directional swing trading ideas with the best possible risk/reward ratios.
We want to thank you for having us and we hope that you benefit from our expertise.
Initiating Coverage:
LULU - (SHORT/$75.5 Stop) - A retail sector name that has been on the radar for a few weeks. On April 10th, LULU had a significant failure of a month long ascending channel. On April 18th the daily chart confirmed a short-term trend reversal to the downside.
The set-up is still developing and may need more time to prove itself. If you are going to get involved it may be prudent to take 1/2 your normal position.
LNG - (SHORT/$18.4 Stop) - Broke out of a 33 session trading range on Friday and has been struggling to make any real progress. Today's close is signaling a failed range breakout and if that's the case, we should see LNG trade back below $16.8 and eventually test the bottom end of the range which is in the vicinity of $14.4 - $15.2.