Updated
RLOG Swing Idea - price moved higher / sitting above 50ma
I like the chart set up as there is more buying coming in.
RLOG recent inside buyer helped price back to 50ma. RSI steady increase and MACD is back to par. Needs more time for it to break resistance .34c
Swing Idea: Buy .28 - .30 area - SL at .5c below purchase. PT shown to scale out and move your SL if RLOG starts to run..
DT idea: buy above .34 / RSI at 60
RLOG recent inside buyer helped price back to 50ma. RSI steady increase and MACD is back to par. Needs more time for it to break resistance .34c
Swing Idea: Buy .28 - .30 area - SL at .5c below purchase. PT shown to scale out and move your SL if RLOG starts to run..
DT idea: buy above .34 / RSI at 60
Note
10/13 scaled out and move SLTrade closed: stop reached
Scaled out at .40 and moved SL which was triggered at .36.Possible continuation but will wait for a better entry at .28 - .30
Note
Shippers back in play.. RLOG beast out 300%.. Look for continuation tomorrow
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.