What I see...
+ Side way move within channel since prices gapped up back in mid-April
+ 10MA crossed above 50 MA for the first time since March
+ Vol. spiked up a little while the hammer bar was painted on Friday
+ RSI appears to be bouncing off of 50
+ MACD is very close
- Both 10 and 50 MA are under 200MA
- MACD could cross below the signal line
- Long upper shadow bar from mid-April
How I setup...
+ Long entry above last week's channel
- Stop at last week's low
+ Target is at mid $15
+ Side way move within channel since prices gapped up back in mid-April
+ 10MA crossed above 50 MA for the first time since March
+ Vol. spiked up a little while the hammer bar was painted on Friday
+ RSI appears to be bouncing off of 50
+ MACD is very close
- Both 10 and 50 MA are under 200MA
- MACD could cross below the signal line
- Long upper shadow bar from mid-April
How I setup...
+ Long entry above last week's channel
- Stop at last week's low
+ Target is at mid $15
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.