El'long'ton Financial Inc - Did you catch it?** Comments and Likes are appreciated; New Subscribers are beautiful! **
What I see...
+ Bullish Engulf candle closed above 50MA
+ RSI has just crossed above 50 and rising
+ MACD is flat at zero
+ Bollinger Band is squeezed with prices breaching to lower band indicating over-sold
- Failed to close above 10MA
- MACD is merged and flat
- Major Resistance at $11
How I setup
+ Long entry above today's high
- Stop is conservatively at mid-April low (using the weekly chart)
+ Target is at high $14, again using the weekly chart
:: Duration - 1 to 2 weeks.
