ORCL 1/12/21 1D Time Frame
Scenario 1:
Stochastics is currently at over sold levels ready to move up however MACD shows bearish signal with histogram confirming more bearish momentum. Price could go lower around 50ema area and (1)bounce back to a bullish move, (2) consolidate side ways then move up. Keep a tight stop loss just below the 50ema incase support breaks.
Scenario 2:
The 50ema support does not hold and price goes down to channel bottom area before moving up again.
Disclaimer
I do not know how the market will move tomorrow. All my post is not a recommendation, advise nor a suggestion and should not be used as a replacement for investment advice from a qualified licensed professional. All my post is for practice, informational and entrainment purposes only as I am not a registered investment advisor and do not offer investment advice and recommendation. You, the reader, bear full responsibility for your own investment and trade decisions and should seek the advice of a qualified securities professional before making any investment or trade.
Scenario 1:
Stochastics is currently at over sold levels ready to move up however MACD shows bearish signal with histogram confirming more bearish momentum. Price could go lower around 50ema area and (1)bounce back to a bullish move, (2) consolidate side ways then move up. Keep a tight stop loss just below the 50ema incase support breaks.
Scenario 2:
The 50ema support does not hold and price goes down to channel bottom area before moving up again.
Disclaimer
I do not know how the market will move tomorrow. All my post is not a recommendation, advise nor a suggestion and should not be used as a replacement for investment advice from a qualified licensed professional. All my post is for practice, informational and entrainment purposes only as I am not a registered investment advisor and do not offer investment advice and recommendation. You, the reader, bear full responsibility for your own investment and trade decisions and should seek the advice of a qualified securities professional before making any investment or trade.