What I see...
+ Found Support from mid-March slump
+ Prices moved side way formed multiple cup and handles
+ Tested $21 Resistance back in late April and pulled back
+ Prices approaching $21 again forming a triangular wedge
+ RSI at 56 and rising
- MACD is above signal line but in negative zone
- 10MA is under both 50MA and 200MA
- Price is far from the rising 10MA
What I setup...
+ Long entry above neck line
- Stop under last week's channel low
+ Target at mid-March high at ~$31
+ Found Support from mid-March slump
+ Prices moved side way formed multiple cup and handles
+ Tested $21 Resistance back in late April and pulled back
+ Prices approaching $21 again forming a triangular wedge
+ RSI at 56 and rising
- MACD is above signal line but in negative zone
- 10MA is under both 50MA and 200MA
- Price is far from the rising 10MA
What I setup...
+ Long entry above neck line
- Stop under last week's channel low
+ Target at mid-March high at ~$31
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.