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What I see...
+ Found Support after another >50% loss this year
+ Moved side way since mid-March with a rising Support line
+ Earnings in mid-April confirms Support
+ Prices is retesting the $9 resistance line since early May with contracting vol.!
+ Bullish RSI at 51 and rising
+ MACD is in positive territory
+ Prices found support at 50MA
+ Hammer off of a downtrend with high vol.
- Still under the 10MA
- Overall, a very weak stock
- Both 10 and 50 MA are below 100MA
What I setup...
+ Long entry at high-$8
- Stop at under the bottom of the Hammer
+ Target at $11 - next obvious resistance level
What I see...
+ Found Support after another >50% loss this year
+ Moved side way since mid-March with a rising Support line
+ Earnings in mid-April confirms Support
+ Prices is retesting the $9 resistance line since early May with contracting vol.!
+ Bullish RSI at 51 and rising
+ MACD is in positive territory
+ Prices found support at 50MA
+ Hammer off of a downtrend with high vol.
- Still under the 10MA
- Overall, a very weak stock
- Both 10 and 50 MA are below 100MA
What I setup...
+ Long entry at high-$8
- Stop at under the bottom of the Hammer
+ Target at $11 - next obvious resistance level
Order cancelled
Missed entry; cancelling setup.
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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.