I like the consolidation in the last month or so and the proximity of the price to the POC line. Waiting for a break of the 50% fibonacci level to enter or the pullback to $5.29 to enter. target: $6.6, $8.03
Ascending Triangle Pros R/R ratio above 12 Descending volume PPS above 50MA Cons 200MA Descending/flat ATR descending 250RSI below 50 PPS below 200MA If confirmed PT1 = 4,13 PT2 = 4,57 PT3 = 5,04 PT4 = 5,69 PT5 = 5,85
WETF substantially outperformed the NASDAQ index through 2019. A significant gap has opened between its GMMA longer and shorter bands. Check out the last trading day with some of the highest trading volume for at least a year shown by the surge in the OBV. A positive move will lead to RSI breaking out of oversold territory and crossing through the RSIMA(30)....
Bullish Cypher - .5XB - 1.414AB - 1.27BC - .786XD Bought June 13 calls for .30
If anyone has seen my analysis on the monthly chart of WETF, this will give you an idea of what you can do intraday based on $100 risk. Obviously you can multiply or divide to fit your situation.
I always look back at charts wishing I could have found them crossing the 17 month MA. Maybe sell half around 11.70 to match risk and wait for pullback to buy again? I think this is a good risk/reward idea.
Optimun price would be 8.31 but this would be a good entry point.
Oversold and crawled in this area for long time, ready to move foward
Fund Of ETF's Ready to get long position
@Phil this one is interesting in consolidation after recent move down if you look across these were also major levels of resistance and sup before will find resistance again at neckline buy or sell the b/0 GL
Nice bullish gap. Breaking out of a resistance. HH/HL. Good volume today.