Stock got pretty beat up after they missed earnings but there is some upside opportunity now. We formed a nice consolidation area and now we're just waiting for an upside BO. SMA 50 is crossing down on the 200, its given notice to a short reversal in the past. There seems to be some divergance with the 4hr MACD atm. It's currently Oversold on the RSI.
zero out risk once first target is reached.
Eliminate risk when once first target is reached.
Move stop to zero once first target is reached. Hang on to the rest
Move stop to base cost once first target is reached. I just dont like the amount of volume on that DOJI but it everything is possible.
Move stop to zero as soon as 1st target is reached.
Eliminate risk once first target is reached.
Getting in for a quick scalp. Support congruence from 50SMA, Fresh 1st point of stablished trend support, and psychological support level from 4 Hour TF MACD previous resistance. Selling at the retest of broken Standard Deviation support.
Just based on Pivot Points in the past.
Support @ previous earnings' candle. Approaching on last year's pivot. Might be retesting bear sell poknt or just getting back on bullish territory.
Historically it has found support on Previous Monthly Pivot point. It should at least give me the chance to enter the market at a turning point with low risk and high possible reward. As always, the risk is certain but reward is only probable. Trade with care.
Price has bounced on the 38.2 fibR before. I believe it will do it again, at least for a quick scalp to retest previous support and hopefully break it.
Possible trend break. Retesting the 50 REA. Bounce on the 38.2 FibR & previous earnings candle.
Retracement @ Fib 38.2 based on prev bounces at that lvl. Trend still above S.A.R.
Support on Fib lvl + prev Earnings Canddle