This swing trade idea is based on the signals from CCI and other indicators listed on the chart (look at the orange squares) . Also notice that BB is set to 100 period and look at the price action from the past when OSG crossed the lower band of BB . Also look at the volume (best to see it on the daily chart)
Game plan:
ENTRY :$2.06
STOP :$2.00
EXIT :$2.21
R/R : 1 TO 2.5
Not financial advice .
Game plan:
ENTRY :$2.06
STOP :$2.00
EXIT :$2.21
R/R : 1 TO 2.5
Not financial advice .
Comment:
8 hour chart (click to expand)
Comment:
Take a look at 4 hour chart below.All indicators (in orange squares) are showing bullish signals including CCI crossover alert(green vertical line ) , BB bands are also moving closer to each other .Possibly today OSG will hit the target of $2.21
Comment:
OSG spiked up premarket to $3 at 7 am NYC time ,extended hours auto order got triggered ,sold at $2.56 -making $0.50 profit per share (more than I was planing).
Position closed .
Position closed .