SLM - lining up for a bullish price action?
Improving bullish trend according to our proprietary technical scoring methodology.
Broke above its 21-day simple moving average - first bullish break in the last 22 days.
MACD bullish crossover (middle panel) - first bullish break in the last 38 days.
ADX (lower panel) - giving an indication that the recent strong bearish trend might be ending.
An early indication from the OBV (on-balance volume) that money is returning to the share. This might support a bullish bias.
Only regarded as a temporary correction. Adjust risk accordingly.
Time to exit: +/- 6 September 2019
Broke above its 21-day simple moving average - first bullish break in the last 22 days.
MACD bullish crossover (middle panel) - first bullish break in the last 38 days.
ADX (lower panel) - giving an indication that the recent strong bearish trend might be ending.
An early indication from the OBV (on-balance volume) that money is returning to the share. This might support a bullish bias.
Only regarded as a temporary correction. Adjust risk accordingly.
Time to exit: +/- 6 September 2019
Trade closed manually:
Time exit reached