the leg up in this particular name has been as stable as the last, and longs this morning should aim to profit from a retracement to profit taking levels, upper band of average trailing 1.5 as the strategy suggests.
outlined are the levels where this is possible due to volume and price weight.
outlined are the levels where this is possible due to volume and price weight.
Note
ive exited for now, but 8 am est will be rolling around and the volatility between 8-0830 should tell us what the cash open will doNote
at the bell i imagine the first thing that will happen is a dipNote
the longer this stock holds over $1.29 the greater likelihood that these historical levels play out on the daily/weekly/monthlyNote
i still like this as a buy if we can hold these lowsNote
not clear yet what low $1.1s mean yet, but if it does end up opening with a strong upside i would close longs, and reopen only above $1.2sNote
so far we are trending towards eqlNote
$1.13 is the level to beatNote
looking for $1.16 as long as we can stay above $1.11 and break median envelope to the upside for bull reversalDisclaimer
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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.