Long
SHLD | Short-term Bullish Setup
SHLD Appears to be in the beginning of Elliott Wave 4 retracement. Both RSI and MACD loooking bullish on the daily chart. A cross above $8 by 2/10/17 is not unlikely. Note
Trendline broken; PT void. Short-term retracement still likely.Trade closed: target reached
$8 crossover reached on 2/10 during pre-market trading ($7.75 during normal trading hours). Another short-term bounce is likely around $6.50 prior to resumption of downtrend.
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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.