Historically it has found support on Previous Monthly Pivot point. It should at least give me the chance to enter the market at a turning point with low risk and high possible reward. As always, the risk is certain but reward is only probable. Trade with care.
Scalpping NBY.. High volume.. Not sure what, but something happened and I have the feeling it might just stay up for a bit longer. Hoping for a quick bounce at that .60's level. As long as it stays within the trend drawn. Plus I'm testing out this bottom finder that seemed to have worked just fine in this particular ticker.
Please review and comment. Thanks!
Betting on a last bear spur or perhaps a down trend continuation? SAR shows a dt starting. Were still lingering under the pVWAP and jut hit top of BB bands. Plus there´s previous support-resistance there. So, fingers crossed.
Did it before, it will do it again. RSI downtrend seems to be broken. We´ve kept above water for a few days now. 1.5 Return over risk. Huge volume came in a few days ago and we´re above that closing level.