I see confirmation of support & am going to open a small position on Monday. Will have a target of $13.25 2% stop loss Good luck traders!
The writing is on the wall to have old lows retested IMHO.
Confident this is in a upper wedge pattern. Wait for confirmation of resistance prior to short entry - as of now the moving averages are still bullish The RSI is textbook for nominating this stock for the short How I will play it: Simple Option Entry o ITM puts (within 3 strikes) o 1 -Year Out o High Delta o Double Check Volume Bars
Not shorting this, although using the RSI that wouldn't be unwise to do. I am waiting for this to confirm support, then I am loading up on calls.
Very confident we can ride this to $44 The RSI is not bearish - not super bullish either Moving Averages are bullish I think this is trading in an Upper Wedge Pattern. After it meets $44 I will look to see it fall back down to $41 where it meets support and then after confirming support I will look to buy back in.
The drop in gold is healthy for developing a long position. Very bullish in gold as a swing trade. The RSI was showing it was overbought so this drop is probably healthy. Will add to position if it drops to $1265
Want to get this out quick before my lunch break. Hopefully all you bears are making out today like bandits. Shorting this lower - however still worried about the RSI Moving AVG is very bearish
Technical Indicators The RSI isn't even close to being overly bought. Moving averages are very bullish Volume is bullish I will hop out at $14.00, although this thing will prob only see resistance at $14.22 next. What will jar me out of this trade is any sudden headline risk, or a gap down on the S&P.