What I see...
+ 3 rounds of 3 to 5 days burst with ~ 20% gain
+ Upward trend line providing support
+ 10MA crossed over upward last week
+ RSI at 50, crossed above
+ Inside Hammer pattern on
+ 50 MA is providing support
- Would like to see the Hammer bar to have a descending vol.
- Both 10 and 50MA are still under 200 MA
- MACD appears to be crossing.. downward potentially
- Almost a 50% drop from mid-Feb to mid-March
What I setup...
+ Long entry above Hammer
- Stop at last week's low
+ Target at $92 for approx 17% gain or 2.8R
-
+ 3 rounds of 3 to 5 days burst with ~ 20% gain
+ Upward trend line providing support
+ 10MA crossed over upward last week
+ RSI at 50, crossed above
+ Inside Hammer pattern on
+ 50 MA is providing support
- Would like to see the Hammer bar to have a descending vol.
- Both 10 and 50MA are still under 200 MA
- MACD appears to be crossing.. downward potentially
- Almost a 50% drop from mid-Feb to mid-March
What I setup...
+ Long entry above Hammer
- Stop at last week's low
+ Target at $92 for approx 17% gain or 2.8R
-
Order cancelled:
Cancelling setup