Technicals - RSI on 1 4 and daily have bottomed out or are diverging from a long down trend - broke out of a long daily downtrend - broke out of a shorter daily downtrend (apr 23 - may 19) - CM Williams Fix on 1hr shows Buy signal (feb 23 - apr 2) - VERY strong support around 1.74 (1hr, 4hr, Daily charts) - Volume has been declining on the down trend for the past week - indicates down trend is losing momentum
Target - $2.30 range - 3-1 profit loss target (30%/10%)
Timeframes - Looking for a 2-3 week trade - any longer and signals won't apply to current trade
評論
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I wouldn't usually buy on a 'down' day, but considering the price hit my target buy price and all my indicators lined up - I decided to chance it and wait until tomorrow or the day after to see if it pops up.