SCHX: Double TopDouble Top
Pros:
Flat volume during formation
PPS below 50MA
RS flat
ATR flat
R/R ratio above 7
Cons:
PPS still above 200MA
250RSI above 50
200MA ascending
If confirmed:
PT = 68.06$
SCHX trade ideas
SCHX - Long // technical analysis(RSI, 14) @73, slowly growing for the past week.
Stochastic RSI @.81
Bollinger bands on a Day timeframe in upper level.
Bollinger bands on a 1h- timeframe on a tight squeeze.
On march 28th price crossed the 21-day moving average (short term bullish)
I would watch for a consolidation break.
This is the trade I would make:
Entry: 68.5
Long: 71.4 (+ 4.23% )
Short: 66.71 (- 2.6% )
RRR: 1.62
