SNPR/VOLTA trade setup
Slight pullback today around 1.3% so far. It looks like it is respecting the downward sloping red line. It could dump further before breaking through. I'm already fully loaded on this stock, but if I weren't I would wait for it to break through that red line before buying. If it continues to react negatively to that line (and the SMA) then it could be due for a much more significant drop. If we were to wait for the price to cross the red line I mentioned, I believe this will represent a shift in momentum towards a bull trend.
I don't like the way the RSI is looking currently but I do like the looks of the MACD. I consider both of these indicators to be less important than the reaction to the red line and the reaction to the SMA. Those 2 are my primary indicators to observe for making a trade. Going by those 2 indicators, currently bearish in the short term (again, until the red line threshold is crossed).
Good luck everyone.
I don't like the way the RSI is looking currently but I do like the looks of the MACD. I consider both of these indicators to be less important than the reaction to the red line and the reaction to the SMA. Those 2 are my primary indicators to observe for making a trade. Going by those 2 indicators, currently bearish in the short term (again, until the red line threshold is crossed).
Good luck everyone.
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.