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What I see...
+ Long lower shadow but pulled back to close above 10ma
+ Prices have been moving side way, within channel, in the past few days while hoovering around all-time high
+ High vol. today to close positive
+ MACD is bullish
+ RSI has just returned from overbought zone and turned upward again
- Bollinger Band is wide
- Long upper shadow from today's trigger bar
- MACD has just turned under the signal line
- RSI is still too close to over-bought
How I setup...
+ Long entry once all time high resistance is breached
- Stop at bottom of channel
+ Target at just under $1000 - round number resistance
:: Duration - 1 to 3 weeks
What I see...
+ Long lower shadow but pulled back to close above 10ma
+ Prices have been moving side way, within channel, in the past few days while hoovering around all-time high
+ High vol. today to close positive
+ MACD is bullish
+ RSI has just returned from overbought zone and turned upward again
- Bollinger Band is wide
- Long upper shadow from today's trigger bar
- MACD has just turned under the signal line
- RSI is still too close to over-bought
How I setup...
+ Long entry once all time high resistance is breached
- Stop at bottom of channel
+ Target at just under $1000 - round number resistance
:: Duration - 1 to 3 weeks
Trade closed: stop reached:
Stopped out @ BE