My trading plan is very simple. I buy or sell when: * Price tags the top or bottom of parallel channel zones * Money flow spikes above it's Bollinger Bands * Price at Fibonacci levels
So...
Here's why I'm picking this symbol to do the thing.
Price in buying zone at 100 period channel Stochastic Momentum Index (SMI) at oversold level Money flow momentum is spiked negative and under bottom of Bollinger Band Price at or near 2.618 Fibonacci level Entry at $31 Target is $37.50 or channel top