Long
Chemo... Long!
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What I see...
+ Prices found Support back in mid-March
+ Rebounded and went on an almost 100% increase in 2 months! (Strong relative strength!)
+ Prices has just reached all time high
+ Today's earning pushed prices higher against a very down day
+ MACD is positive
- Low vol.
- RSI getting close to overbought territory
- MACD flattening and closing in onto Signal line
- Long upper shadow
What I setup...
+ Long entry above today's high
- Stop is conservatively set to yesterday's low
+ Target is at the next 1.618 Fib
:: Duration: weeks to months
What I see...
+ Prices found Support back in mid-March
+ Rebounded and went on an almost 100% increase in 2 months! (Strong relative strength!)
+ Prices has just reached all time high
+ Today's earning pushed prices higher against a very down day
+ MACD is positive
- Low vol.
- RSI getting close to overbought territory
- MACD flattening and closing in onto Signal line
- Long upper shadow
What I setup...
+ Long entry above today's high
- Stop is conservatively set to yesterday's low
+ Target is at the next 1.618 Fib
:: Duration: weeks to months
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.