LABU - Gap open
Yesterday we closed on the 50 EMA and today we opened with a gap. Gap wasn't filled.
10 and 20 EMA is crossing over, MACD just crossed over and heading to positiv territory.
RSI is overbought, but could be overbought for weeks - we had it at the decline.
Tomorrow we might have a testback of the 50 EMA . But I think we are going to break the April highs and test the 100 EMA very soon (in a few days) .
I like the volume here much better than S&P 's volume.
We have a strong support at the trendline now as it was holding the 3rd time...
I'm holding the LABU position. THe 50 EMA testback could be a good adding or entry point : that should hold now.
10 and 20 EMA is crossing over, MACD just crossed over and heading to positiv territory.
RSI is overbought, but could be overbought for weeks - we had it at the decline.
Tomorrow we might have a testback of the 50 EMA . But I think we are going to break the April highs and test the 100 EMA very soon (in a few days) .
I like the volume here much better than S&P 's volume.
We have a strong support at the trendline now as it was holding the 3rd time...
I'm holding the LABU position. THe 50 EMA testback could be a good adding or entry point : that should hold now.
Comment:
Selling half of the LABU position as we almost tagged the 100 EMA at 39.50.
I feel the NFP data will be week and we will open a GAP down. If not I will be riding the trend with the rest of the position
Sell 125 LABU at 39.50$
I feel the NFP data will be week and we will open a GAP down. If not I will be riding the trend with the rest of the position
Sell 125 LABU at 39.50$
Comment:
Tested the 100 EMA
And maybe another big day for LABU today...
+5%