GSW is just another one junk stock with a bright future one may say.
Anyway, due to not so great financials, but very nicely hammered price value and oversold lvl my play is Buy, with a SL in a range of .33 and TP .56
Hungarian Prime Minister Viktor Orban said on Wednesday that the possibility of the European Union members agreeing quickly on the new budget and the coronavirus recovery fund is "unlikely."
Orban stressed that the EU cannot "tell other countries what they need to do" until it solves its "own problems," which include the economic crisis caused by the coronavirus,...
W chart, M chart, D chart...RSI is overbought, price to MA200 is higher of 10% going up to 45%.
Take under consideration that fundamentals are OK! meaning, some drop in price value is likely, but it can be as well just one more opportunity for a buy position, by and hold,
Note that USDCHF is in a strong downside trend (short one) which can be as well suggested with RSI current level value. The same value can indicate that the price might go north. The Fibonacci level can be our first support here vile the SL, in that case, should be near the same level.
Depending form your risk aversion this can be the nice price level to jump in...
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In a case that the price level fell bellow MA200, which is in this case right now sustainable support level, and in a case that RSI holds his value below level 50, the price of TWTR can fell down for 10-15% in value in coming days.
Please note that this is D chart and my trades are not for scalpers, and as...
RIS at his overbought level and with divergence pattern might suggest us that WIX is ready to fall for some nice %'s. On top of this D frame, the Weekly chart is almost the same-RSI is tick above his 70 level, the price is more of 20% above MA200
Nice one from the last week!! Still holding the same direction looks like a good move, just protecting 70% of profit with SL.
Potentially new one sell can be placed here, case fundamentals and technical are suggesting future price drop in the coming days.