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What I see...
+ Bullish Engulf candle closed above 50MA
+ RSI has just crossed above 50 and rising
+ MACD is flat at zero
+ Bollinger Band is squeezed with prices breaching to lower band indicating over-sold
- Failed to close above 10MA
- MACD is merged and flat
- Major Resistance at $11
How I setup
+ Long entry above today's high
- Stop is conservatively at mid-April low (using the weekly chart)
+ Target is at high $14, again using the weekly chart
:: Duration - 1 to 2 weeks.
What I see...
+ Bullish Engulf candle closed above 50MA
+ RSI has just crossed above 50 and rising
+ MACD is flat at zero
+ Bollinger Band is squeezed with prices breaching to lower band indicating over-sold
- Failed to close above 10MA
- MACD is merged and flat
- Major Resistance at $11
How I setup
+ Long entry above today's high
- Stop is conservatively at mid-April low (using the weekly chart)
+ Target is at high $14, again using the weekly chart
:: Duration - 1 to 2 weeks.
Order cancelled
Setup failed to trigger; Cancelling trade.
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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.