Here is one for you penny stock folks. REED looks like a decent long. As you can see its already tested resistance at the red line(1.21) just as we like. Now we wait for it to retest support at the green line(0.89) and we get in at or below the green line, with our stoploss below white line(0.57). Expect this thing to tag the orange line(1.53) and perhaps reverse...
If Reef is able to break that triangle we`ll have a great set up for a trade. Reef is a great project with low market cap.
RS and OBV above EMA. RL30 is still slope up RL10 is up Enter tomorrow open ATR: 7.15
Top of the scanning list Weekly ATR:3.1 WAM RS: 81 Other areas I like is it offers options, enter with 3 month option 16-Apr-2021 Enter 1.80 with C25.
has been an leader compare to SPY and obv is also strong TUP ATR: 5.46 WAM_RS: 87 A promising start.
Rank 26 on the day and Weekly ATR: 1.7
Weekly ATR: 10.43 Weekly is cooking up and monthly have more room to go, it stood the test of today's downward market move. Try to get fill around 68.50.
Watch for a break of 1.01. Target 1 $1.27 , Target 2 $1.37, Target 3 Momentum. I (John Seville) already own a personal position in this stock.