SLACK Long on descending channel reversal
Pros:
- Divergence on both MACD and FI (see the pink lines on them)
- Very nice Doji followed by a bullish kicker
- Trending starting to enter a more bullish phase. The low levels are getting nearer (Bulls more and more earger to buy the shares)
Cons:
- Counter trend trading may have limited profit if the trend doesn't fully reverse.
Reversal trade grading: 5/8
- Profit potential: Average 1
- Divergence: Good 2
- Candle signal: Good 2
- Emtry timing: Average 1
- Counter trend trade?: Yes (-1)
- Divergence on both MACD and FI (see the pink lines on them)
- Very nice Doji followed by a bullish kicker
- Trending starting to enter a more bullish phase. The low levels are getting nearer (Bulls more and more earger to buy the shares)
Cons:
- Counter trend trading may have limited profit if the trend doesn't fully reverse.
Reversal trade grading: 5/8
- Profit potential: Average 1
- Divergence: Good 2
- Candle signal: Good 2
- Emtry timing: Average 1
- Counter trend trade?: Yes (-1)
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