EYEG - swing idea momentum gap play
Updated
EYEG had news today so this helped the stock gain visibilty and momentum https://finance.yahoo.com/news/eyegate-issued-patent-iontophoretic-contact-123000189.html
RISK / REWARD swing idea and gap play
Analysis:
RSI is at 53 (not oversold) but is in the area of accumulation.
MACD is moving in positive area
Gap Zone hasn't been filled completely
Daytrade idea: over .45 (confirm volume, RSI and Money Flow index)
Swing Entry: .35-.39 near support or lows of the day candle (orange color)
Stop Loss: .3-5c below the support line (red color)
Price target is the Green Color which is the resistance zone (I would take some profits and move my stop loss)
Purple Color is resistance and GAP zone area.
Good Luck and remember to honor your stops.
RISK / REWARD swing idea and gap play
Analysis:
RSI is at 53 (not oversold) but is in the area of accumulation.
MACD is moving in positive area
Gap Zone hasn't been filled completely
Daytrade idea: over .45 (confirm volume, RSI and Money Flow index)
Swing Entry: .35-.39 near support or lows of the day candle (orange color)
Stop Loss: .3-5c below the support line (red color)
Price target is the Green Color which is the resistance zone (I would take some profits and move my stop loss)
Purple Color is resistance and GAP zone area.
Good Luck and remember to honor your stops.
Trade closed: stop reached
4/13 - EYEG announced offering so it has gapped down.
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