MACD and the Force Index recently crossed and the most recent candle tested the .5 fib level and the descending trend line only to close just under both.
In addition 50% of shares traded in the last 12 months have traded in the 6.94- 7.79/ share with the most at 7.47. I would like to see a close over 7.28 to initiate a long swing trade.
Targeting: 7.50, 7.84, 8.25
In addition 50% of shares traded in the last 12 months have traded in the 6.94- 7.79/ share with the most at 7.47. I would like to see a close over 7.28 to initiate a long swing trade.
Targeting: 7.50, 7.84, 8.25
Trade closed: target reached:
This has reached my target and I will watch for a double top. If it can move beyond 8.24 with some strong volume it will likely see 9.32