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What I see...
+ A relative strong performer throughout the past few months. A very few that managed to keep the 50MA above 200MA@
+ Bullish Engulf candle with Low supported by the rising 10MA and very high vol.
+ MACD is positive and rising
+ RSI is also very (too) bullish
+ Prices reaching all-time high!
- RSI is stepping into over-bought territory
What I setup...
+ Long entry above all-time high
- Stop at week low
+ Target at 1.618 Fib
:: Duration 1 to 2 weeks
What I see...
+ A relative strong performer throughout the past few months. A very few that managed to keep the 50MA above 200MA@
+ Bullish Engulf candle with Low supported by the rising 10MA and very high vol.
+ MACD is positive and rising
+ RSI is also very (too) bullish
+ Prices reaching all-time high!
- RSI is stepping into over-bought territory
What I setup...
+ Long entry above all-time high
- Stop at week low
+ Target at 1.618 Fib
:: Duration 1 to 2 weeks
Trade active
Setup triggered; LongTrade active
Moved Stop to $135 range... Bullish Engulf failed to follow by a up bar.Note
Moved Stop to $138... Spike in vol. to dump stock during the last hour of trade on Friday.Trade closed: stop reached
Stopped out today at bE.
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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.
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.