Auto Parts Company Pose for a Short Term Burst?
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What I see...
+ Downward trend leading to a spike 2w ag as a result of earnings
+ Vol. and Price spiked, pushing RSI into overbought territory and since pulled back significantly
+ MACD is bullish
+ Side way move in the past week or so with descending vol.
+ Double NR7 bars on very low vol.
+ -1d bar was double NR7 and NR3 combo
+ Today's bar was of higher vol. and closed above 200 MA with 10MA providing support
- 10MA not breaching in the body
- Bollinger beginning to widen
- A few possible resistance levels along the way to Target
What I setup...
+ Long entry above today's high
- Stop at mid-$5
+ Target at just under $10
Duration: 4-8 days
What I see...
+ Downward trend leading to a spike 2w ag as a result of earnings
+ Vol. and Price spiked, pushing RSI into overbought territory and since pulled back significantly
+ MACD is bullish
+ Side way move in the past week or so with descending vol.
+ Double NR7 bars on very low vol.
+ -1d bar was double NR7 and NR3 combo
+ Today's bar was of higher vol. and closed above 200 MA with 10MA providing support
- 10MA not breaching in the body
- Bollinger beginning to widen
- A few possible resistance levels along the way to Target
What I setup...
+ Long entry above today's high
- Stop at mid-$5
+ Target at just under $10
Duration: 4-8 days
Pesanan dibatalkan
Setup failed to trigger; cancelled trade
Shake Shake Leg
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.
Shake Shake Leg
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.