Wait for the Swing DownThis is tempting to buy, but patience is key with swing trading to reduce risk. Coming from the world of crypto, this seems like it would take an eternity (2years). But it helps to know the direction it's headed if you did want to scalp it in smaller time frames.
Green arrow represents the safer swing trade.
Orange arrow represents same bull trend but will still end up in that buy zone anyways.
No RSI divergence yet, and MACD still mostly above 0.
ULH trade ideas
Truks are looking good, $ULHWhat a good looking chart!
After a massive bull run, the price has formed a descending triangle. Normally, if an upward breakout does occur, another good bull run should follow. I'll be waiting for it to buy.
This one really looks like a true leader to me. Impressive relative strength, that is best indicator in a bear market.
ULH popped above pennant going into earningsInvestors seem to expect strong a strong earnings result from ULH tomorrow, given the big pop above its pennant today. I'm not going to buy it, however. This breakout comes a little too early in the pennant pattern for my comfort. Also, the big run up ahead of earnings may be setting this stock up for disappointment.