KaroleinD

ROX swing for this week on watch

Long
AMEX:ROX   None
Looking at a volume spike in ROX up close to 10%. It closed above the 50 day moving average which is $1.24.

Levels in which to enter this for the swing this week will be 1.04/1.13/1.21/1.25
Pivot is 1.33
Resistance is 1.41/1.45/1.53/1.64

looking at the daily candles I will want to enter this around 1.21 to 1.25 with a stop limit 10 cents under my bid. This one is a little risky with a flat ADX over 15 +DMI is over 41 and -DMI is over 17.

The MACD crossed on Friday which is not surprising with the volume surge.


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.