GO LONG ON UFO MOVIEZ
Updated
THIS IS A CLEAR EXAMPLE OF RSI DIVERGENCE.
THE PRICE MADE NEW LOWS AND THE RSI DID NOT. WITH TODAY'S CLOSING ABOVE YESTERDAY'S CLOSE, I EXPECT IT TO MOVE TO 265/305 WITH A S/L OF 214
THE PRICE MADE NEW LOWS AND THE RSI DID NOT. WITH TODAY'S CLOSING ABOVE YESTERDAY'S CLOSE, I EXPECT IT TO MOVE TO 265/305 WITH A S/L OF 214
Note
As expected, I recommended going long at 232 and was expecting a positive close above yesterdays's close.it has happened. now we will see the prices to break the downward sloping trendline to move upwards swiftly.
Trade closed: stop reached
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