Entry: 4.83
Stop loss: 4.63
Went long in this counter after it broke out with good volume today.
The 3 SMAs are in order.
Earnings report on 22 Feb 2021 though. Might see some reactions following that.
1.Seeing to take advantage of a failed breakout on a new 20 day low, the next day reversal ( plus 1).
2. There is a 'modified' ANTY signal - taking advantage of wave function 'oversold' levels' in a corrective technical action
3. modified ' momentum pinball, as not quite reached 20 line but again at levels where up cycle occurs - looking for 2-4 days only swing trade
Due to oversees market the ASX should be opening higher this morning form yesterday pull back. This is why i'm looking at consumer cyclical stocks, RWC gap down yesterday to its support level and formed a bear hammer I wish it was a Bull hammer but this is fine as well. It sitting outside its 2 deviation, looking to counter trade this stock to $4.40. It also at...
