EI HOTEL - Good buy levels (inverted shoulder pattern)INVERTED SHOULDER PATTERN
** SWING b@75, t@85, 100; S.L @ 68
INTERSECT OF BOTH 200 EMA, 50 EMA
AND BUY SIGNAL AT MACD @ 70
EIHOTEL trade ideas
POSITIONAL LONG EIHOTELEI HOTEL ACTUALLY HAD A GREAT RUN FROM 102 LEVELS. AFTER THAT THERE HAS BEEN IN A CONSOLIDATION OR RANGEBOUND PHASE IN THE PAST MONTH OR SO. TODAY IT BROKE OUT WITH VOLUME IF YOU SEE THE CHART. RSI IS ALL SET TO GO ABOVE 70.
IM BUYING AT CURRENT LEVELS OF 139.70-140 AND ABOVE WITH A STOP OF AROUND 130 LEVELS.
TARGET WILL BE ABOVE 170 LEVELS . IL BE TRAILING MY STOPS AS THE STOCK GOES UP.
