REED - FORECAST 4HR - REEDS INC - STOCKS
Updated
Here is one for you penny stock folks.
REED looks like a decent long. As you can see its already tested resistance at the red line(1.21) just as we like. Now we wait for it to retest support at the green line(0.89) and we get in at or below the green line, with our stoploss below white line(0.57). Expect this thing to tag the orange line(1.53) and perhaps reverse to test support again. Yellow line(1.85) being reached is expected if price pushes through orange line with force.
This is not investment advice, I am not an investment advisor. Do not blindly follow mine or anyone else's trades.
Be safe out there.
REED looks like a decent long. As you can see its already tested resistance at the red line(1.21) just as we like. Now we wait for it to retest support at the green line(0.89) and we get in at or below the green line, with our stoploss below white line(0.57). Expect this thing to tag the orange line(1.53) and perhaps reverse to test support again. Yellow line(1.85) being reached is expected if price pushes through orange line with force.
This is not investment advice, I am not an investment advisor. Do not blindly follow mine or anyone else's trades.
Be safe out there.
Trade active
TWO profits taken at this point with a second buy signal hit just a few days ago. I expect this one to make it to the yellow line for our final profit.
Related publications
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.