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work1411
Oct 21, 2018 2:38 AM

$CGA - risk / reward - Earnings Play: Higher Lows Long

China Green Agriculture, Inc.NYSE

Description

CGA - Overall, it is still bearish however, possible short term play while China ticker and SEED is picking up on volume.


MACD histogram is getting closer to 0
RSI is still below 68 but trending higher
Low volume
Trending up with buyers accumulating last week
Earnings coming up 11/18 finviz.com/quote.ashx?t=CGA


Trade IDEA:
SWING: Buy within orange line; stop loss .02 or at red line
DAYTRADE: Buy over .77 (watch RSI strength and Volume increase) / tight SL .03 if it fails

Take Profits at the green line (scale out)
Possible run up to .90


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