No prices, no names, and no trader bias. Is this chart a buy or a sell?
The reason I'm seeking your views is that the new "Client Sentiment" tool on the CMC Tracker platform shows that 88% of our clients with a position in this instrument are one way. This is an unusually strong positioning, and an indication that current sentiment strongly favours one direction.
The questions are:
1) Is this security a buy or a sell?
2) Which security is it?
3) Are the 88% buyers or sellers?
Answers in the comments box below please. A couple of clues:
It's a weekly chart
This instrument is commonly traded
I'll publish the answer, and the client positioning tomorrow, with accolades for the most accurate and interesting answers.