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ShakeShakeLeg
May 13, 2020 1:50 AM

Chemo... Long! Long

Description

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What I see...
+ Prices found Support back in mid-March
+ Rebounded and went on an almost 100% increase in 2 months! (Strong relative strength!)
+ Prices has just reached all time high
+ Today's earning pushed prices higher against a very down day
+ MACD is positive

- Low vol.
- RSI getting close to overbought territory
- MACD flattening and closing in onto Signal line
- Long upper shadow

What I setup...
+ Long entry above today's high
- Stop is conservatively set to yesterday's low
+ Target is at the next 1.618 Fib
:: Duration: weeks to months

Order cancelled

Prices fell through setup; trade cancelled.
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