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glennmercer

Long SODA on TL Break, Divergence and Daily Support

Long
glennmercer  
NASDAQ:SODA   None
Divergence Momentum Indicator (MOM) Support and Resistance priceaction knoxvilledivergence missedpivots Trend Lines Trend Line Break Relative Strength Index (RSI) oversold rsi_oversold SODA trendlineconfluence
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divergence momentum supportandresistance priceaction knoxvilledivergence missedpivots trendline trendlinebreak relativestrengthindex oversold rsi_oversold soda trendlineconfluence
Daily S/R zone and trendline support are being obeyed which provides a nice R/R opportunity to go long. An hourly TL break in addition to momentum divergence and an oversold RSI provides a nice entry at around 19. Target the minor resistance around the nearest missed weekly pivot with a SL below recent lows.
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