Big Bearish RSI Divergence on daily chart can be seen.
Last two daily candles closed red and 375 is turning out to be a resistance apparently.
I would Go short with a stop of Yesterday's high which is around 377.
Targets are 350 , 330 and 300.
Expecting to hit targets by the end of january.
Last two daily candles closed red and 375 is turning out to be a resistance apparently.
I would Go short with a stop of Yesterday's high which is around 377.
Targets are 350 , 330 and 300.
Expecting to hit targets by the end of january.
Trade active:
353.5 was the low. So, no targets were hit and stock is back up at 375. Daily close above 375 will invalidate the setup.
Trade closed: target reached:
Target of 350 was reached and quickly bounced back.
Trade invalid because closed above previous local high.
Trade invalid because closed above previous local high.