Price is consolidating clear area of resistance defined.
Place stop buy above
Also price above 200 and 50 day MA's
Potential for false break out but I stock goes back down you won't have made an entry.
1. Not up three days in a row
2. Linear move up prior to consolidation
3. Young Trend
4. No breakouts or breakdowns during consolidation phase
5. Clean and low volatility consolidation
***see roboticinvesting.com for more details on Momentum Surge
100% fib extension coincides with resistance level from ER gap down at the end of February.
Stock has not only weathered the recent market sell off but also printing a bull flag.
Anticipating a continuation of advance coupled with increased volume.
Playing Trading Simulator Game:
Learning about Stochastic Oscillators.
In October/November the stock closed with lower highs while the corresponding Stochastic Oscillator displayed higher highs. This is called a bull set-up and means the price will rise soon.
On 14NOV17 the Stochastic Oscillator had a crossover giving us a weak buy signal.
On 24NOV17 it...