What I see...
+ Prices pulled back from $136 to find support from the rising 10ma
+ Friday's bar painted a bullish engulf-like body within a NR7 on very low volume! This is like a spring that is compressed and getting ready to bounce!
+ RSI is at 61 and has just turned upward
+ MACD is flat in the bullish zone
- MACD is technically below signal line
- $136 is first resistance
What I setup...
+ Long entry above Friday's high
- Stop under last week's low
+ Target at 1.618Fib
:: Duration - weeks!
** Comments and Likes are appreciated; New Subscribers are stronger than biotech! **
+ Prices pulled back from $136 to find support from the rising 10ma
+ Friday's bar painted a bullish engulf-like body within a NR7 on very low volume! This is like a spring that is compressed and getting ready to bounce!
+ RSI is at 61 and has just turned upward
+ MACD is flat in the bullish zone
- MACD is technically below signal line
- $136 is first resistance
What I setup...
+ Long entry above Friday's high
- Stop under last week's low
+ Target at 1.618Fib
:: Duration - weeks!
** Comments and Likes are appreciated; New Subscribers are stronger than biotech! **
Trade closed: stop reached
Stopped out at -1.02R
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.