swara7kadir

MYL Day Trade, high volume be aware congested on the down side

Long
NASDAQ:MYL   None
MYL is gaped up on merger news with Pfizer company, premarket volume is very high at almost 5 million shares which may cause congestion. Although the Daily chart is weak yet if you look at the 15 min chart on the right you will see that there is a lot of support in the form of pivots, trendlines and 20,50 daily moving averages. I like it better for a long since it has less resistance going up rather than down.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.