positional idea with pros and cons
Pros
-Prior uptrend
-Weekly Base
-reduced debt
-Huge volumes on green days
-Tight consolidation of 5 weeks in base
-Low vol in base formation
-Above 40 WEMA
Cons:
-Overhead supply
-Low RS
-Prior uptrend
-Weekly Base
-reduced debt
-Huge volumes on green days
-Tight consolidation of 5 weeks in base
-Low vol in base formation
-Above 40 WEMA
Cons:
-Overhead supply
-Low RS
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