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Waiting for reversal of the bearish trend

112
On August 13th, I opened a small position with $NYSE:HTZ basing my decision on the following factors:
  • The price reached the 13.23 level, which was tested several times, and it served as a support.
  • The RSI indicator was reaching its oversold level of 35.14
  • Formation of the daily Doji candle. Such a candle at the end of the bearish trend was indicating about possible trend reversal.
Nota
On August 16th I added another long position with NYSE:HTZ because of the following factors:
1. The closing price was above the previous close price
2. Oversold level of the stock
3. Bullish divergence of the RSI oscillator

This might not be a reversal yet, but a possible accumulation.
Nota
'm watching how #HTZ will behave at the 12.99 level, which might serve as resistance from Fib trend extension. However, if we break it - the next level will be 13.79 (Fib 0.236) which almost match with 13.64 level (Fib trend extension). Ultimately, my long-term goal is 16.42 area

tradingview.com/chart/T5z8P7Tq/
Dagangan ditutup secara manual
I closed this long position on September 10, 2019. My target was not reached, so I sold it at $14.23. Reason - momentum was sold
DmitriTrader
OscillatorsSupport and ResistanceTrend Analysis

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
OscillatorsSupport and ResistanceTrend Analysis
DmitriTrader

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.