What I see... + Side way move within channel since prices gapped up back in mid-April + 10MA crossed above 50 MA for the first time since March + Vol. spiked up a little while the hammer bar was painted on Friday + RSI appears to be bouncing off of 50 + MACD is very close
- Both 10 and 50 MA are under 200MA - MACD could cross below the signal line - Long upper shadow bar from mid-April
How I setup... + Long entry above last week's channel - Stop at last week's low + Target is at mid $15