+ sidway price movement over the past weeks
+ broke out today with ultra high volume
+ closed near day-high
+ trend intensity is bullish
+ just bouncing off of the slow ema
+ fast ema is piercing into the middle of today's bar
$MOMO Price action on the hourly has broken the Kumo Cloud upward
Chikou Span is above the current price action, although within the cloud
Price is above it's higher time frame 13-period EMA and above it''s current time frame 13-period EMA
We mentioned if .59 broke with above average volume that top of the range was .85 and that's exactly the scenario that played out. If positive news from conference is released and .85 breaks with heavy volume can run through the gap, top of the range to 1.85 One thing to note is the divergence of volume to the ...
What I like on this stock is the ascending trend above every moving avarage, is some kind of ascending triangle close to the 10 big resistence, the target on this one will be the SMA200 in 10.54, and the stop in 9.19 (al the SMA area)
Missed a great chance to long MOMO after completion of ABCD.
If longed, that has been 130% gain... so many "what if" haha.
OK. the stock price seems to be in range since IPO. good to short at $19 (if it reaches and form the bearish butterfly). or Maybe it rally all the way up to $22.60 to form a bearish Crab ...