Bullish signal based on today’s closing price and volume.
- Closing price was trending lower until today
- Price closed higher than yesterday
- Volume higher than previous 10 days
- Price broke above 10 dma (cyan)
- Price broke above 20 dma (blue)
- Price bounced at about 50 dma (dark blue)
Note
Buying when price is near 10 dma is a good opportunity.Note
Dec or Jan 40/50 calls could make for a good swing trade.Note
Right on 10 dma (red) with volume on 15min. Looks like a full EW count and possible abc correction. If not, price could test .382 and then retest .618. (Edit: Deleted previous update for this one because this chart is more clearer and it shows the possible abc correction.) Note
Will give me a warm and fuzzy feeling when price breaks above yesterday’s close.Note
For anyone tracking my Uber ideas, Uber’s price reached my first target, and I expect a retracement to a price between $35 and $39. I don’t think the ~$39.5 retracement that happened after hours yesterday was enough, especially given, from what I’m tracking, that yesterday’s rally happened with low volume. After retracement, I’m targeting $68+.
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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.