LOOKING LONG ON FALLING WEDGE TO TRENDLINE
WEEKLY 200MA AND PREVIOUS HIGH RESISTANCE, LOOK FOR REACTION AT 95, BEEN AN AREA OF RESISTANCE PAST FEW WEEKS
LOOKING FOR RESOLUTION SHORT AS 89EMA IS POINTING SOUTH, FAVORING DOWNTREND
DONT LIKE THE SPOT IN THE MIDDLE OF THE RANGE HERE BUT LOOKING TO GO SHORT ON A TEST OF DOWNWARD TRENDLINE TIGHT STOP
ANTICIPATING BOUNCE TO FORM RIGHT SHOULDER BEFORE RESUMPTION OF DOWNTREND. NO POSITION YET
Favor it long from here but waiting on reaction at support
FALLING WEDGE INTO PREVIOUS SUPPORT. RELATIVE STRENGTH TODAY IN A WEAK TAPE. FAVOR STOCK LONG ON WEAKNESS.