Get ready ladies and gentlemen, this bad boy is almost at its support, get in set a stop loss just beneath its support line and, it should bounce off, or if it does break the support line, it would head towards the second support line, so it would be a good short opportunity. The open interest for jan 20 calls on this b*tch also looks hella dope. So a rebound on...
Get ready ladies and gentlemen, this bad boy is almost at its support, get in set a stop loss just beneath its support line and, it should bounce off. The open interest for jan 20s on this b*tch also looks hella dope. Lets make some f*ucking money :) (can you swear on this site? I dont really want to censor myself) anyways have a great day fellow traders!
November is ending and GREK is able to meaningfully close above 10 month MA the very first time since mid 2014. It made a higher low last month, and its trading volume began to pick up. MACD is positive. RSI still needs improvement (like to see it goes above 45). Also want to see it making a higher high (close above $8.41 monthly).
For risk takers, now might be a...
The triangle is exhausting with a bias to the up side. Buy breakout if materialized with a stop around $7, and potential gain can be ~ 20 % (targeting $9).
MACD is now positive. RSI is flat, we want to see it go above 40. Price is still below 10 month MA but the higher low appears to be holding.
Probably a buy around $8.50 ~ $9. Patient.
I want to see price to go above 10 MMA and the red resistance and make a higher high. But looks like that will be something in 2017. May never happen. Who knows but we will see.
The price is going to break the reverse SHS formation and the resistance area could provide future support for further long positions. Anyway this is a good profit vs loss ratio to trade at the end of the week.
