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What I see..
+ I tried to get into XBI last week but got stopped out
+ Friday's bar painted a bullish kicker with a strong close above 10ma
+ MACD is bullish but merged
+ RSI at 63
+ Bollinger is narrowing...
- Immediate resistance at all-time high
- 50ma is still under 200ma
- MACD appears to be turning south
What I setup...
+ Long entry above Wednesday's high
- Stop at last week's low
+ Target at .618 Fib
:: Duration - weeks to months!
What I see..
+ I tried to get into XBI last week but got stopped out
+ Friday's bar painted a bullish kicker with a strong close above 10ma
+ MACD is bullish but merged
+ RSI at 63
+ Bollinger is narrowing...
- Immediate resistance at all-time high
- 50ma is still under 200ma
- MACD appears to be turning south
What I setup...
+ Long entry above Wednesday's high
- Stop at last week's low
+ Target at .618 Fib
:: Duration - weeks to months!
Order cancelled
Missed entry; cancelling setup.
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.
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.