SOS at an area of value here. Mr wonderful has talked this stock up big. But I cant say I trust a talking (bald)head. Load up with stop loss right below support and you have a very low risk trade. Or go short with stop loss above...It can either breakout or breakdown from this point of support. I'm honestly leaning more towards breakdown....Please let me know your thoughts!
I will be waiting for a few pieces of information to come in before making a decision on long/short. Namely, consolidation on the MACD to break (preferably a nice angle >20degrees or so), move off area of support, and a solid trendline that needs to break. If it checks off these boxes I'm going long.
Theres potential for a massive move soon as SOS historically does..Wait for that buy signal!
I will be waiting for a few pieces of information to come in before making a decision on long/short. Namely, consolidation on the MACD to break (preferably a nice angle >20degrees or so), move off area of support, and a solid trendline that needs to break. If it checks off these boxes I'm going long.
Theres potential for a massive move soon as SOS historically does..Wait for that buy signal!
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TRADEFORCHRIST.COM
discord.gg/6M4neWGTpD
Follow my Voyage to 1,000,000,000
Clean charts = Clean Profits!
Funded on 3.3m with APEX
apextraderfunding.com/member/aff/go/ryans22
Code: XOKGBUCB
discord.gg/6M4neWGTpD
Follow my Voyage to 1,000,000,000
Clean charts = Clean Profits!
Funded on 3.3m with APEX
apextraderfunding.com/member/aff/go/ryans22
Code: XOKGBUCB
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.