1. if below 3.20, i prefer short the stuff at 3~3.20 risking off high
2. if above 3.20, i prefer long the washes or wash and reclaim of 3.20
3. if above 4.00, i consider extended and would rather look for short from 4.00~4.20 risking off high
1. if above 2.60 , look for any pop towards 3~3.20 to short stuff. risking high
2. if below 2.60, look...
The 5th trade for the challenge was the purchase of Oil and Gas stock Pedevco (PED). Paying down its debt and a new CEO taking the reins helped drive gains last week. The reason i chose the stock was due in part to the strong Bullish Flag formation and a confirmation signal on the AlphaR strategy.
09/07/2018 15:30 09/07/2018 Buy 150 PEDEVCO...
the momentum is above zero and rising, the macd is rising the strength index still is strong and todays high is smaller than yesterdays with lower volume. . it looks like this might be a good buy for tomorrow.