The 4 hour timeframe is shown in this analysis and commentary is provided below based on the numbers indicated on the chart:
1. A weak Price & Base Line bullish cross signal takes place below the kumo
2. But RSI divergence strengthen my intermediate bullish view on the stock
3. Due to a rapid slump by the beginning of 2018, the downside risk is limited at current price level
Target
1. Continuous rally Into the cloud range
2. Reaching 0.382 Fib retracement @ $7.5 in intermediate trend
1. A weak Price & Base Line bullish cross signal takes place below the kumo
2. But RSI divergence strengthen my intermediate bullish view on the stock
3. Due to a rapid slump by the beginning of 2018, the downside risk is limited at current price level
Target
1. Continuous rally Into the cloud range
2. Reaching 0.382 Fib retracement @ $7.5 in intermediate trend
Trade closed: stop reached:
Failed to reach 0.382 Fib retracement @ $7.5 but made a decent return to 100EMA / Top of the Cloud @ $6.4 during bad market sentiment.
Constant with TP @ $7.5 in intermediate trend