Top side resistance breakout on the weekly RSI. Look for a breakout of the green line for a sure entry point.
Volume should confirm moves.
Trade at your own risk. Have a trading plan with a predetermined stop loss
Daily RSI broke out this last week on good volume.
Lets see if the Weekly is also ready to take off.
1.) looking for a MACD zero crossing and trendline break
2.) looking for RSI breakout
3.) looking for good volume
4.) GMMA(not shown, sorry) on the weekly shows compression between traders and investors
Idea came thru on the StockTradeBot Bullish MACD scan
This idea came across my scanner last week. I never got into the trade... And probably wont as I just wont get a entry with much tolerance to downside.
Bullish above RSI 69.1 and RSI Uniformity line. use Uniformity line as a sell signal
Personal note: Idea from "alternative 2" scan
Looking for topside resistance breakout on the weekly RSI.
MACD should be performing a zero line crossing during this time.
GMMA looks rather bullish with trader and investor MAs compressing on one another.
Consider entry around the orange price action resistance line drawn.
Determine you stop loss before entering the trade
A little different setup than I am use to, But I thought it was worth publishing.
We will reflect on this in a few weeks, stay tuned.
As a side note analyst have very high price targets on this equity. Ranging from $65 to $100
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As always comments are always welcomed and appreciated :)
Take care
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