SXTC - China Pharm - Daily Squeeze - Momentum Shift?
All,
This one is clearly a falling wedge with some other smaller plays built inside it. The question of falling wedges is always the same. Where is the bottom of the wedge. It looks to be a bottoming pattern. What I really life the squeeze possibly shifting to positive momentum and we can monitor the volume and see what happens.
It may not break now.. I think maybe the ideal entry would be .35 unless it breaks. Keep an eye out.
This one is clearly a falling wedge with some other smaller plays built inside it. The question of falling wedges is always the same. Where is the bottom of the wedge. It looks to be a bottoming pattern. What I really life the squeeze possibly shifting to positive momentum and we can monitor the volume and see what happens.
It may not break now.. I think maybe the ideal entry would be .35 unless it breaks. Keep an eye out.
Comment:
Weekly just crossed RSI from oversold also...
