What I see...
+ A wedge squeezing in with prices supported by the Support trend line after earnings last week
+ Vol. spike on Friday, despite a red bar, it painted a hammer with long lower shadow
+ Multiple short bursts of 20% to 40% increase since March within 3-4 sessions
- Lost more than 50% of its value from Feb to March
- RSI pushed back to 48
- Overall a weak / downward trending stock
- 10 and 50 MA are both under 200 MA
How I setup...
+ Long entry when break above last week's high
- Stop at low of Friday's shadow
+ Target at $40
+ A wedge squeezing in with prices supported by the Support trend line after earnings last week
+ Vol. spike on Friday, despite a red bar, it painted a hammer with long lower shadow
+ Multiple short bursts of 20% to 40% increase since March within 3-4 sessions
- Lost more than 50% of its value from Feb to March
- RSI pushed back to 48
- Overall a weak / downward trending stock
- 10 and 50 MA are both under 200 MA
How I setup...
+ Long entry when break above last week's high
- Stop at low of Friday's shadow
+ Target at $40
Order cancelled
Cancelling setup
Shake Shake Leg
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Shake Shake Leg
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.