Tight Squeeze for Some Oil!

2020年5月12日

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What I see...
+ Consecutive NR7 on lowering vol.
+ Prices broke through a Cup and Handle formation from April; gap up and hit resistance at low-$6 and pulled back towards the rising 10MA and found support
+ 10MA crossed above 50MA last week and continued to support the prices
+ Prices held through last week's earnings
+ MACD has just cross into positive territory
+ RSI is at 59

- Resistance line pushed the price down twice in the past 10 days
- RSI appears to be heading down

How I setup...
+ Long entry above short term resistance line
- Stop under the channel
+ Target is ambitiously set at 2.618 Fib.
:: Duration: 4 to 10 days

2020年5月14日

交易結束：達到停損點

Stop out at 1R loss.