** Comments and Likes are appreciated; New Subscribers are rich in oil! **
What I see...
+ Hirami candle pattern on very high vol.
+ A close just above, and supported by, the 50MA
+ Additional support provided by the rising trendline
+ NR7 bar
+ Narrowing Bollinger
+ Side way move on narrowing range
+ MACD is stepping into bullish territory
+ RSI is also breaking above 50
+ The previous spike in vol was followed by a 3 weeks bullish run
- MACD is flat at neutral
- Late April high serves as the closest resistance at $12
- RSI is less than convincing
What I setup
+ Long entry above Thurs high
- Stop under Wed. low
+ Target at 0.382 Fib
:: Duration - 2 to 7 days
-
What I see...
+ Hirami candle pattern on very high vol.
+ A close just above, and supported by, the 50MA
+ Additional support provided by the rising trendline
+ NR7 bar
+ Narrowing Bollinger
+ Side way move on narrowing range
+ MACD is stepping into bullish territory
+ RSI is also breaking above 50
+ The previous spike in vol was followed by a 3 weeks bullish run
- MACD is flat at neutral
- Late April high serves as the closest resistance at $12
- RSI is less than convincing
What I setup
+ Long entry above Thurs high
- Stop under Wed. low
+ Target at 0.382 Fib
:: Duration - 2 to 7 days
-
Comentarios:
Moved Stop Higher and Target lower.
Operación activa:
Setup triggered; Long entry.