Hi guys, this is an update to my previous idea. This is not financial advice, this is for educational purposes.
Im still long on EA and am stillin a position.
Ive been looking at lower time frames to see if anything picks up.
Target is still the same, the .618 fib retrace and the gap fill.
RSI forming a higher high (breaking white trend line) and the yellow MA, making me think the bullish divergence is starting its move.
Stoch RSI is also crossed above the 20 level, indicating momentum picking up!
Looking for the mACD cross to validate further that momentum is picking up.
Im still long on EA and am stillin a position.
Ive been looking at lower time frames to see if anything picks up.
Target is still the same, the .618 fib retrace and the gap fill.
RSI forming a higher high (breaking white trend line) and the yellow MA, making me think the bullish divergence is starting its move.
Stoch RSI is also crossed above the 20 level, indicating momentum picking up!
Looking for the mACD cross to validate further that momentum is picking up.
Comment:
Sorry still new to expressing my thoughts. But also note the red trend line, we will absolutely battle this line as well. Can be a place to unload profits. Depends on how long you wanna hold.
