Description
⋅ KOLD on the 15 minute chart has reversed and swung upside. The the anchored VWAP price
dropped through the mean VWAP and is now in the deep undervalued territory of the second
lower VWAP band line. This is an oversold zone for buying. On the chart, a green arrow is a buy
while a red arrow is a sell. New share buys are funded with profits from BOIL positions
now closed. Relative volatility and volume indicators support the analysis.
I will add further to the position whenever there is an entry provided by a correction found
on a lower time frame of 3-10 minutes.
Trade active
⋅ Zoom into 5 minute time frame
Trade active
⋅ KOLD on one range of ticks long entry Comment
⋅ Reports of falling energy prices overall to start the week gave price a boost
in the early going: