- Used 20 MA as support 2 times recently.
- Consolidating after gap up
- Higher lows since gap up
- RSI is still fairly high at 65.66 (not shown here)
Entry:
1.) If it shows the 20MA as resistance again, buy entry on dip.
2.) If it shows continued strength and breaks through resistance (~94.35) with strength
3.) If it breaks through the 20MA to the downside, buy on dip with confirmation of change in trend
Exit:
1.) Set stop slightly below 20MA with some breathing room.
2.) Set stop below either opening price on breakthrough or prior resistance.
3.) Set slightly below dip low, going no lower than the horizontal resistance level of 90.70.
- Consolidating after gap up
- Higher lows since gap up
- RSI is still fairly high at 65.66 (not shown here)
Entry:
1.) If it shows the 20MA as resistance again, buy entry on dip.
2.) If it shows continued strength and breaks through resistance (~94.35) with strength
3.) If it breaks through the 20MA to the downside, buy on dip with confirmation of change in trend
Exit:
1.) Set stop slightly below 20MA with some breathing room.
2.) Set stop below either opening price on breakthrough or prior resistance.
3.) Set slightly below dip low, going no lower than the horizontal resistance level of 90.70.