cash cow?Hydrogen play with some orders and a nice looking chart ...speculative punt money in ..looking for some strength to add later ..Risk management ..GL
PPS trade ideas
Forget Bitcoin and watch this textbook TA!Away from the action on BTC and the S&P500, I'm making big profits on hidden gems, like this UK stock. A classic TA inverse head and shoulders setup! Straight out of the dusty textbooks. Strong volume on the left shoulder and weak volume on the right shoulder, just as it should be. I bought just above the breakout line. The breakout is clean, retests to a perfect level and then takes off like a rocket! Beautiful. (and highly profitable).
Sell after bounce Price is over extended after big move up (price increased over 50% in 4 days!). Pull backs are always highly likely after these moves so good time to short. Price pulled back as expected and a bounce has occurred, making a good entry point for another short position. Sell on the bounce and look for price target at the previous support levels.
To further support this trade, RSI is showing strong negative divergence. Drawing trend lines of the corresponding highs/lows on the market and RSI show the strength is massively weakening and price will drop.
