Let's Hope I'd Nail This One!
What I see...
+ Found Support from mid-March slump
+ Prices moved side way formed multiple cup and handles
+ Tested $21 Resistance back in late April and pulled back
+ Prices approaching $21 again forming a triangular wedge
+ RSI at 56 and rising
- MACD is above signal line but in negative zone
- 10MA is under both 50MA and 200MA
- Price is far from the rising 10MA
What I setup...
+ Long entry above neck line
- Stop under last week's channel low
+ Target at mid-March high at ~$31
+ Found Support from mid-March slump
+ Prices moved side way formed multiple cup and handles
+ Tested $21 Resistance back in late April and pulled back
+ Prices approaching $21 again forming a triangular wedge
+ RSI at 56 and rising
- MACD is above signal line but in negative zone
- 10MA is under both 50MA and 200MA
- Price is far from the rising 10MA
What I setup...
+ Long entry above neck line
- Stop under last week's channel low
+ Target at mid-March high at ~$31