I saw some good volume today with over $800K and $600K purchases in the last hour of the day. I followed the trade and bought some as well. I am concerned that the 100 EMA is about to cross the 200 EMA which constitutes the death cross. I like this price though and I could see it having some good moves over next few weeks. Treasury yields rising would also be a...
What I see...
+ Inside Hammer on high volume
+ Prices gap-up, didn't need to pull back to 10ma, before retracing back above day-high
+ RSI is rising
+ MACD is flat but creeping into bullish territory
+ Low price stock
- 10ma is far away
- MACD is bearish
- 1st resistance at high $3
What I setup...
+ Long entry above day high
- Stop under day low
+ Target at...
Just Tell Yourself That This is Company is Not Hotels Related...
What I see...
+ Ultra high vol., post earning, to push prices to close above 10ma
+ ...after finding support from the 50ma a few days earlier
+ Bollinger Band is squeezing
+ RSI has just gone above 50 and rising
+ 10ma just crossed 50ma last week
+ Low prices stock!
- Long upper shadow on Friday
-...
The stock is now making its first bullish correction clearing a daily Resistance (Ascending Triangle Pattern). The breakout is accompanied by a higher volume. BHR has plunged in MArch dropping more 70%.
