TradingView
johngarland
Aug 10, 2021 7:03 PM

BIG - Big Lots Weekly Demand zone retest Long

Big Lots, Inc.NYSE

Description

Using supply and demand, on a weekly chart BIG is retesting a key weekly demand level. Using standard RSI, we can see that 40 has not been broken below. I will then go to a daily price chart to identify when negative divergence of RSI, that is price making a lower low but RSI making a higher low. I will time my entry based upon either a 240-min chart or a daily chart for a long here.
More