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What I see...
+ Support formed back in mid-March
+ Prices slowed moved up along a rising Support trendline
+ Tested ~$27 Resistance 3x in the past month
+ May the 4th be with you!
+ RSI is at mid 50s
+ MACD is just stepping into positive territory and rising
+ Bollinger band is also narrowing
- 10MA is under both 50 and 200 MA
- Prices has pulled away from the 10 MA
How I setup...
+ Long entry at high $28
- Stop under Friday's low
+ Target at mid-March high
:: Duration: 2 weeks?
What I see...
+ Support formed back in mid-March
+ Prices slowed moved up along a rising Support trendline
+ Tested ~$27 Resistance 3x in the past month
+ May the 4th be with you!
+ RSI is at mid 50s
+ MACD is just stepping into positive territory and rising
+ Bollinger band is also narrowing
- 10MA is under both 50 and 200 MA
- Prices has pulled away from the 10 MA
How I setup...
+ Long entry at high $28
- Stop under Friday's low
+ Target at mid-March high
:: Duration: 2 weeks?
Order cancelled
Prices fell through setup; trade cancelled.
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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.
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.