Watching this equilibrium tightening. Waiting for a long or short opportunity.
Indicators: The price is rejected from the 50-D MA since 2018-04-24
Closest resistance: 8.46 on 2018-05-22
Closest support: 7.37 on 2018-05-17
If one of those break, I will consider to start building a swing position.
* Horizontal lines are support/resistance price level
* Trend lines are for visual purpose
Indicators: The price is rejected from the 50-D MA since 2018-04-24
Closest resistance: 8.46 on 2018-05-22
Closest support: 7.37 on 2018-05-17
If one of those break, I will consider to start building a swing position.
* Horizontal lines are support/resistance price level
* Trend lines are for visual purpose
Trade active:
Broke 8.46 then rejected by the 50d MA on 2018-05-31
Strong close above the 50d MA + broke the 8.74 resistance on 2018-06-01
This is a signal to buy imo.
The 15mins RSI is over 85 and if we see a gap up on Monday the Hourly RSI will be over 80. At these levels, a consolidation is imminent and it will be a good opportunity to reload more shares.
Strong close above the 50d MA + broke the 8.74 resistance on 2018-06-01
This is a signal to buy imo.
The 15mins RSI is over 85 and if we see a gap up on Monday the Hourly RSI will be over 80. At these levels, a consolidation is imminent and it will be a good opportunity to reload more shares.