Uptrend. Moving Average crossover. Positive earnings. Using the 20 EMA as a stop.
Risk: resistance @ the 100 and 200
Keeping a close eye on the SPY for ANY SORT of weakness here esp. with the 200 overhead -a particular hot spot.
Super small share size until the 200 is resolved. Break above and hold = add more shares.
Actively long 0.2% capital
Funds all over this, volume barely declined relative to breakout day, and bands are full and solid green. About to breech psychological milestone at $20.00, which it will, giving you a bit of a buffer. You can hold this or scalp, sell, then wait for the pullback to get back in for a long term hold. I see it triangling with an upward trend for the foreseeable...
Plot the Moving Average of the Daily Price Mid Point for shot periods of time. Great to give an idea if the daily price trend is below the daily curve or above the daily curve to give early indication of price momentum.
Right now ANGI is in a channel ranging from 5.22 - 6.00 I think it is going to bullishly break out. RSI MACD and Price Oscillator are all uptrending even though it is in a channel. Potential confirmation is a breakout and divergence from the 35 day MA. I have a stop loss set at 5.19.
Although the technical rating is bad, ANGI does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 8.23, a stop order could be placed below this zone.
Early in today's session a trader bought 4,630 ANGI Feb 20-22.5 call spreads for $0.40. This is a bullish trade that represents volume nearly 3 times the average daily option volume in ANGI. The stock is also trading above the Ichimoku Cloud indicating it is in bullish territory. We believe that this order flow is strong enough to justify a long in ANGI.