Beautiful Weekly "W" on SLCA
NYSE:SLCAOn the Weekly Chart:
- W in Willy, and crossing from oversold
- W in OBV
- Weekly W from May 2019
- There is a larger W from Oct 2019, that will be confirmed if price reaches 18.08
- Confirmation of this larger weekly W, would bring price up into the RLZ starting at 24.82
- Low risk trade: only risk to bottom of previous lows
This is a long term trade:
Entry: 12.20
Stop: 8.60
Target: 24.30
Partial profits taken at : 18.00
R/R : 4.2
Time Frame: 6-12 months
- W in Willy, and crossing from oversold
- W in OBV
- Weekly W from May 2019
- There is a larger W from Oct 2019, that will be confirmed if price reaches 18.08
- Confirmation of this larger weekly W, would bring price up into the RLZ starting at 24.82
- Low risk trade: only risk to bottom of previous lows
This is a long term trade:
Entry: 12.20
Stop: 8.60
Target: 24.30
Partial profits taken at : 18.00
R/R : 4.2
Time Frame: 6-12 months
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