DISH a TV penny before earnings LONG
Updated
DISH has earnings on 8/2. On the 2H, price just bounced off the support of the longest of the
three EMAs (35/70/280) and tested the POC line of the volume profile again showing buyer
support at a high trading volume and volatility area. the MACD indicator shows a bullish
line crossover and negative to positive on the histogram where convergence ended and
divergence took over. The dual RSI indicator shows the lower time frame green line in a
dip for a few days and then a rise above the 50 level and the higher time frame black line.
DISH has volume voids above the current price and the near-term pivot high is above. If that
cracks, price momentum could accelerate.
DISH is suitably set up for a long trade as traders anticipate the earnings. I will take it.
I may trade a sizeable trade of stocks or alternatively options striking $8 for 8/11.
three EMAs (35/70/280) and tested the POC line of the volume profile again showing buyer
support at a high trading volume and volatility area. the MACD indicator shows a bullish
line crossover and negative to positive on the histogram where convergence ended and
divergence took over. The dual RSI indicator shows the lower time frame green line in a
dip for a few days and then a rise above the 50 level and the higher time frame black line.
DISH has volume voids above the current price and the near-term pivot high is above. If that
cracks, price momentum could accelerate.
DISH is suitably set up for a long trade as traders anticipate the earnings. I will take it.
I may trade a sizeable trade of stocks or alternatively options striking $8 for 8/11.
Note
see also 
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