What I see...
+ 3 rounds of 3 to 5 days burst with ~ 20% gain
+ Upward trend line providing support
+ 10MA crossed over upward last week
+ RSI at 50, crossed above
+ Inside Hammer pattern on
+ 50 MA is providing support
- Would like to see the Hammer bar to have a descending vol.
- Both 10 and 50MA are still under 200 MA
- MACD appears to be crossing.. downward potentially
- Almost a 50% drop from mid-Feb to mid-March
What I setup...
+ Long entry above Hammer
- Stop at last week's low
+ Target at $92 for approx 17% gain or 2.8R
-
+ 3 rounds of 3 to 5 days burst with ~ 20% gain
+ Upward trend line providing support
+ 10MA crossed over upward last week
+ RSI at 50, crossed above
+ Inside Hammer pattern on
+ 50 MA is providing support
- Would like to see the Hammer bar to have a descending vol.
- Both 10 and 50MA are still under 200 MA
- MACD appears to be crossing.. downward potentially
- Almost a 50% drop from mid-Feb to mid-March
What I setup...
+ Long entry above Hammer
- Stop at last week's low
+ Target at $92 for approx 17% gain or 2.8R
-
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.