gumbtg

gumbtg

Trying a new strategy with the MACD. Note the Lines I drew on the MACD. Watching reaction after it breaks that second black line on the MACD.

gumbtg

Watch the two green Lines on the RSI! If it breaks that top green line=====> BUY BUY BUY imo. Please provide thoughts and feed back if you have any! Thanks guys! -Quick note: anyone have any thoughts on my trend lines for the chart itself????

gumbtg

Wait for price action to break the green resistance line before entry. Rsi needs to break above ~61.9, look at the red line on the RSI. Consolidation around the area it is at right now seems to be around a Fibonacci level if we look at the last major run. Sorry I do not know how to draw Fib retracements on chart otherwise I would. Would like to see...

gumbtg Updated 

Look at the pink and orange boxes. Seems to be repeating history here.

gumbtg Updated 

Watch for weekly close above he orange resistance line. RSI needs to continue to find strength. Watch that MACD Cross. Not sure how strong that signal is.

gumbtg

Looks to be the start of a breakout. This is just something for me to learn from and gain experience. Please comment any ideas that you might have on my charting. Was unsure on the trend lines. Second guessing their placement with concerns on the start of line; should it be at the close or at the intraday highs????. Note that this chart has the log scale enabled....

gumbtg

Watch the indicators and the rejection at $175. Look for RSI to break above 69.1. Confirmed buy with close above ~$180

gumbtg

Purple is long term trend. Everything else is short term resistance/support/trends I am long as of today a $38.80. With short term stop market in around 37.30. If it goes my way great, otherwise limit loses quick. That is my strategy at least. Just sharing. I am not suggesting any action what so ever. This is just a chart set up for others. I Spent the time on...