Biotech - 3rd Time is a charm?
Updated
What I see...
+ Long hammer that closed above 10ma
+ 50ma has just crossed above the 200ma
+ Prices have just broke above the neckline of a head and shoulder pattern
+ RSI is flat at 59.2
+ MACD is below the signal line but in bullish territory
+ 10ma continues to play Support role
- Bearish engulf on -1d bar
- Today's vol. is lesser than -1d
What I setup...
+ Long entry above today's high
- Stop under today's low
+ Target at 1.613 fib
:: Duration - 2 to 3 weeks
* Comments and Likes are appreciated; Subscribers are oil rich! *
+ Long hammer that closed above 10ma
+ 50ma has just crossed above the 200ma
+ Prices have just broke above the neckline of a head and shoulder pattern
+ RSI is flat at 59.2
+ MACD is below the signal line but in bullish territory
+ 10ma continues to play Support role
- Bearish engulf on -1d bar
- Today's vol. is lesser than -1d
What I setup...
+ Long entry above today's high
- Stop under today's low
+ Target at 1.613 fib
:: Duration - 2 to 3 weeks
* Comments and Likes are appreciated; Subscribers are oil rich! *
Trade active
Setup triggered; Long positionTrade closed: stop reached
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