21% Potential in Russian Bear!AMEX:RUSS
21% Potential in Russian Bear!
Entry now if you're a bit more aggressive or
Entry after signs of higher highs and higher lows above blue EMA (15) line
2% Stop loss
MacD showing signs of reversal
RSI below 40
Techbuds
IRI Over-bought in this horizontal pattern
Offers 15% potential between top and bottom drawn support and resistance
If it makes higher highs past $3 then continue to be patient and wait for further higher highs and higher lows to confirm that it's on the uptrend before getting in for a swing trade
On the weekly chart, IRI is in a down trend and is hitting the moving average line, so wait and see if it can bust through that or if it is just going to get rejected