Trade taken due to confluence with 200MA, 0.786 fib, and trendline bounce. RSI in mid territory with MACD curling. STOP loss below session LOD. Trade Grade B+ due to short term down trend plus mediocre volume.
- BAC pinbar on the daily with high volume. (rejection of price from fib level)
- Bounce off the 0.618 lvl
- Needs to break 100MA on daily and fib level for a play
- MACD histogram curling to the upside
Missed play breakout of resistance but the confirmation of strong demand found with current daily volume
- long above resistance for a gap fill to next resistance or to volume node (86-88) level. Confirm break of resistance with volume.
- confirmation of confluence area above sloping trend line and 81.90 resistance, break above both 100 and 200 moving average...
TWTR has been trading within an ascending channel and is on the lower trendline. TWTR has also seemed to bounce off the FIB level in confluence with the 100day and 100h moving average. Volume is confirming the rejection of the confluence area. TWTR is currently facing bad news due to talks of Trump executive order which makes it a slightly riskier play. Long due...
I looked at the option chain for F because I'm not sure how liquid this stock is and the spread is pretty good. What do you guys think for a short on F due to break of triangle to the downsiide.
