X is killing it after a big earnings
beat. I would enter a bullish
trade on X if it pulls back and maintains its bullish trend
. It seems as though the EMA
50 might catch back up to the price and could provide support or become resistance on a cross. I will need to see more before I would have enough inclination to enter.
This idea and analysis is part of a 3-month trading challenge in which I am only using the EMA 50 to indicate trades.