There's Nothing Scientific about a Momentum Burst!
What I see...
+ MACD is cutting upward in bullish zone
+ RSI is rising at 56.8
+ Nice hammer ended the week at just under the top of the channel
+ Prices have been range-bounded in the past 2 months
+ Very high vol. -2w
+ NR7 on -1d
:: I would like the prices to move sideway for a bit longer to wait for the 10ma to pull up
:: I'm setting up an entry just in case it breaks out with little warning
- Price has drifted a bit away from the 10ma
- First Resistance at range high set in mid-April; Second Resistance at 200ma
- It's been multiple up days in a row
What I setup
+ Long entry above range
- Stop at bottom of the doji on -1d
+ Target at 44
:: Duration - months
** Comments and Likes are appreciated; New Subscribers are scientific! **
+ MACD is cutting upward in bullish zone
+ RSI is rising at 56.8
+ Nice hammer ended the week at just under the top of the channel
+ Prices have been range-bounded in the past 2 months
+ Very high vol. -2w
+ NR7 on -1d
:: I would like the prices to move sideway for a bit longer to wait for the 10ma to pull up
:: I'm setting up an entry just in case it breaks out with little warning
- Price has drifted a bit away from the 10ma
- First Resistance at range high set in mid-April; Second Resistance at 200ma
- It's been multiple up days in a row
What I setup
+ Long entry above range
- Stop at bottom of the doji on -1d
+ Target at 44
:: Duration - months
** Comments and Likes are appreciated; New Subscribers are scientific! **
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