William Alligator : the stock is in a bullish position because the candlesticks are above the Teeth, Lips and Jaw and the lines are “eating with an open mouth” this indicates that the stock is in a strong uptrend.
RSI : the line is above 70, so the stock is overbought.
Candlestick patterns : there are three white soldiers which are a bullish confirmation.
Always buy your puts when the market is going up when you trade weekly charts. This will roll over from poking its head up over 100 if it can.....should have a target of 85. One could also use the Oct 105 and // or 100 puts to initiate this position.
$EXP Building Materials risk reward turning to long side trade here. 106.10 holds should see 117.90. #swingtrading
Short side target would be 95.52 but price is holding 200 MA area and MACD may turn up here also.
$EXP SQZMOM green, MACD turned up good vol, 50 MA support test. #watchlist #swingtrading #premarket
When the MACD turned up recently that was reason enough for a trade. We did not take the entry and now that we haven't we are waiting for the price to be above the MA's (still has to clear 100 MA - blue) and for he 20 MA (light blue) to cross up through the 50 MA...