What I see...
:: Prices bounced back from mid-March low and peaked at $65
+ Prices pulled back and found support at 50MA
+ Friday's close finally managed above 10MA after a week-long sideway move
+ RSI at 53
+ Bollonger is the narrowest in months, although still not a squeeze
+ Bullish Engulf from Friday's close
- MACD is under the signal bar
- Bollinger is still 'wide'
- First Resistance at $66
What I setup...
+ Long entry above Friday's high
- Stop under last week's low
+ Target at $70
:: Duration 2 to 3 weeks
** Comments and Likes are appreciated; New Subscribers are awesome! **
:: Prices bounced back from mid-March low and peaked at $65
+ Prices pulled back and found support at 50MA
+ Friday's close finally managed above 10MA after a week-long sideway move
+ RSI at 53
+ Bollonger is the narrowest in months, although still not a squeeze
+ Bullish Engulf from Friday's close
- MACD is under the signal bar
- Bollinger is still 'wide'
- First Resistance at $66
What I setup...
+ Long entry above Friday's high
- Stop under last week's low
+ Target at $70
:: Duration 2 to 3 weeks
** Comments and Likes are appreciated; New Subscribers are awesome! **