Look for retest gap day trade if it trades bullish. Volume supports bounce
Is this a bullish time to enter for a swing trade?
IF gap up to 28.91 then trade the bullish "almost" perfect GNG
IF gap bullish to comment areas then it is a Golden GNG.
If stock opens below support then it is a Golden Gap.
Earnings tomorrow. If is gaps below support then it is GOLDEN!
Watch the hourly chart. Trade the breakout direction of the consolidation pattern shown in blue. Each time it could break in either direction so set alerts and keep track of the direction the volume in supporting.
Has rested back to the SMAs and looks to be rolling over bearish now inside the channel
Neutral direction but bull swing opportunity to resistance.
Some possible bullish recovery scenarios for those diehard bulls out there. There might be some light at the end of the tunnel, but its not tomorrow.
Trust the primary trend direction and respect the exponential moving averages. You can't go wrong.
Today's Action: Traded a breakout back to the 100SMA and confluence level. Higher High and Higher Low was established today. First confluence zone was reached and is now retracing back from. What to do: Look for a rest or retracement of some sort and enter after you confirm the bullish bounce. Look to trade to resistance levels and confluence zones (the...