Observations:
Weekly: still has some room to the downside before making the bounce back up. There's a horizontal and ascending support around $44.
Daily: green candle last week. Big upper wick potentially caused by the general market sentiment on Friday. Would like to see this sell off to around $44 before making the bounce
MACD: Wide open and going down suggesting the downtrend is not over yet
RSI: See MACD
Plan: Wait for confirmation of bounce happening.
Shares:
Entry:
Stop:
Target1:
Target2:
Weekly: still has some room to the downside before making the bounce back up. There's a horizontal and ascending support around $44.
Daily: green candle last week. Big upper wick potentially caused by the general market sentiment on Friday. Would like to see this sell off to around $44 before making the bounce
MACD: Wide open and going down suggesting the downtrend is not over yet
RSI: See MACD
Plan: Wait for confirmation of bounce happening.
Shares:
Entry:
Stop:
Target1:
Target2:
Comment:
this thing is depending on the SPY very much I believe
Order cancelled
Order cancelled
# 50
E +44.82
S 44.30
T1 47
T2 49