What I see...
+ MACD just cutting above in positive territory
+ RSI is rising at 61
+ Higher lows supported by the rising 50MA
+ Further support by the 10MA
+ Decreasing vol. as price consolidates side way
- Failed Head and Shoulder
- Resistance level at 36
- Failed breakout in previous attempts
What I setup...
+ Long entry above neck-line
- Stop underneath last week's channel
+ Target at $36 - Resistance level in late 2016
+ MACD just cutting above in positive territory
+ RSI is rising at 61
+ Higher lows supported by the rising 50MA
+ Further support by the 10MA
+ Decreasing vol. as price consolidates side way
- Failed Head and Shoulder
- Resistance level at 36
- Failed breakout in previous attempts
What I setup...
+ Long entry above neck-line
- Stop underneath last week's channel
+ Target at $36 - Resistance level in late 2016
Trade active
Long entry triggered.Trade closed: stop reached
Stopped out today; -1.04R
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.