The 200 MA can be seen as possible sell area if this tanks to a 786 or 886. Nice R2R. Drew it yesterday with a 618 and yep it rose and rejected the 200MA area. Not worth betting on but confirming the top. Strong downward resistance from top in that area. Wicks taken off chart and microscopic corners cut to get a message across . I like it, especially as a short term swing trade. But from an 886 you could sky above it to retest higher resistance.
All is cancelled if it closes above 200MA and might be another confirmation area to consider for another scalp. But i can see a flat top desc broadening wedge developing. 786 might be the one. This one runs its course in a week or two.
All is cancelled if it closes above 200MA and might be another confirmation area to consider for another scalp. But i can see a flat top desc broadening wedge developing. 786 might be the one. This one runs its course in a week or two.
Comment:
well got the targets right, not the buy. 1/9/2020. Might get interested again at previous top, 161 area.