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depfa
Sep 5, 2019 8:24 AM

SLCA - Potential Long Trade Long

U.S. Silica Holdings, Inc.NYSE

Description

Guys

Keep an eye on this stock.

Below my analysis:

1. Price close to all time low - (see monthly support)
2. Potential formation of a bullish false breakdown on the weekly - MACD and OBV positive divergences
3. Tail on the daily
4. POCs of past days is higher and has not been cleared
5. Too early to go long. IS is red on all time frames

A considerable move might happen soon.

Best

Comment

wow, what a drop - it seems that it want to test the monthly support ....

Comment

monitoring today ..

Comment

I was not able to trade this ... I have to admit it is a bit annying ...
Comments
abcribe
fully agree with your idea
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