ROST t.a. & set upROST price is showing signs of an overall uptrend pattern long term, consistently making higher highs and higher lows. Price also trades above the SMA200, indicating potential bullish movement.
Price seems to react best with EMA/SMA levels on the 4 hr chart. Price just broke above EMA10, and SMA100 today, also the last candle stick formed a Long Bullish Candle, as well as extremely oversold RSI levels @30. Strong convergence of combined signals now indicating bullish momentum likely to continue.
A good swing trade entry might be: only if price breaks above AND closes above both the EMA10 and SMA50 (4 hour chart) around or above 107.84 level by end of day close
A stop could be set: 106.74 @ -1%
Exit could be: 110 area @ +3%
Risk/Reward ratio favorable @ 3:1
