What I see...
+ Bullish engulfing on very high vol.
+ MACD found support from signal line
+ RSI bouncing off of 50
+10MA has just recently crossed above 50MA
+ Prices found support from the upward trend line
- Prices bounced off the 10MA
- Similarly, upper shadows throughout!
What I setup...
Long entry at mid-$29 when price breaks above the trend line
Stop at last week low
Target at $34
+ Bullish engulfing on very high vol.
+ MACD found support from signal line
+ RSI bouncing off of 50
+10MA has just recently crossed above 50MA
+ Prices found support from the upward trend line
- Prices bounced off the 10MA
- Similarly, upper shadows throughout!
What I setup...
Long entry at mid-$29 when price breaks above the trend line
Stop at last week low
Target at $34
Order cancelled:
Cancelling setup.