MA Long on Short-Term

By MariusCiornii
Updated
Buy Limit 208.00
Stop Loss 198.00

Doji star with 2 gaps is formed at support line. It just reached 0.618 Fib retracement level.
Many NASDAQ stocks have similar formations, which means that the market is turning uptrend
S&P500, DJI and NASDAQ are at important support level.
RSI went down too quickly. It means an imminent up in price.

I will give a sell indication later.
Stay tuned for update
Trade closed: stop reached
Stop Loss Activated
Comment
The market is uncertain now. Buy defensive stocks is the best move at this moment.
Chart PatternsLONGmastercardMoving Averagesshort-termshort-term-tradeTrend Analysis

Disclaimer