Add this to your watchlist and wait for bullish momentum.
You can choose whatever entry excuse you like, but for the way this one is prescribed is to wait for bullish daily reversal candles (hammer, engulfing, piercing, doji.) With any red candles telling us to wait still.
We are breaking the rules a little bit. You are supposed to throw away any stocks that are below the 50, and this one has just acted like the 50 didn't even exist.
But, it is bouncing at the 200, which maybe should be even stronger support than the 50? Idk, this setup isn't perfect. Maybe I shouldn't post it, but I'm going to.
You can choose whatever entry excuse you like, but for the way this one is prescribed is to wait for bullish daily reversal candles (hammer, engulfing, piercing, doji.) With any red candles telling us to wait still.
We are breaking the rules a little bit. You are supposed to throw away any stocks that are below the 50, and this one has just acted like the 50 didn't even exist.
But, it is bouncing at the 200, which maybe should be even stronger support than the 50? Idk, this setup isn't perfect. Maybe I shouldn't post it, but I'm going to.
Consolidation on the hourly. Sideways is up relative to down, but we are going to be a picky pete with this one.