Swing puts - July 19 strike 60 - RSI turning down below 50
stock broke out of consolidation wedge
after one close over 50 SMA, stock has stayed below this moving average
RSI went below 50, retested and is turning lower
stochastic is below RSI
Last two week candles on weekly chart show quite bearish signs
after one close over 50 SMA, stock has stayed below this moving average
RSI went below 50, retested and is turning lower
stochastic is below RSI
Last two week candles on weekly chart show quite bearish signs
Trade active:
stock traded below yesterday's low. should continue lower. I am holding June 19 expiry 60 strike puts