Long
AUTOWEB trading strategy
Appears that indicators are in reversal.
MACD looks promising.
Volume is not really there.
Possible day trade this week. Buying a breakout above the long term trend, with a stop loss to protect your capital.
It closed above the 50 day moving average. As such, break out above the long term trend line will carry the support of the trendline, the moving average and may finally bring in desired volume.
This would only be a day trade taking partial or most profits and may devolope into a swing trade if the volume picks up....
Otherwise, it will be on my watchlist to buy the dip at the bottom of the trend line. I like the spread between the bottom and the top and just how pretty and consistent it looks :)
MACD looks promising.
Volume is not really there.
Possible day trade this week. Buying a breakout above the long term trend, with a stop loss to protect your capital.
It closed above the 50 day moving average. As such, break out above the long term trend line will carry the support of the trendline, the moving average and may finally bring in desired volume.
This would only be a day trade taking partial or most profits and may devolope into a swing trade if the volume picks up....
Otherwise, it will be on my watchlist to buy the dip at the bottom of the trend line. I like the spread between the bottom and the top and just how pretty and consistent it looks :)
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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.