The document discusses technical analysis of a stock chart. It notes bullish sentiment but concerns about low volume. There is discussion of demand levels, potential trendline breaks, and entry and exit points for both long and short trades depending on whether prices break upward or downward from current levels. Overall it recommends waiting for clearer directional movement and opportunities rather than chasing trades.
The document discusses technical analysis of a stock chart. It notes bullish sentiment but concerns about low volume. There is discussion of demand levels, potential trendline breaks, and entry and exit points for both long and short trades depending on whether prices break upward or downward from current levels. Overall it recommends waiting for clearer directional movement and opportunities rather than chasing trades.
The document discusses technical analysis of a stock chart. It notes bullish sentiment but concerns about low volume. There is discussion of demand levels, potential trendline breaks, and entry and exit points for both long and short trades depending on whether prices break upward or downward from current levels. Overall it recommends waiting for clearer directional movement and opportunities rather than chasing trades.
Yellow - weekly demand Weekly demand below. Watch possible trendline break up. Potential entry short (a little chasing) 1 : 4 : .50 loss $2.00 target Either watch for a counternd trend trade RVM or for a pullback
Low probabilty short if does not gap down Monday
Potentially .50 : $1.4, see 120 min Expectation a breakout UP after this consolidation, but if breaks down then short (stop entry) 57.44 Ascending trianlge, expectation breakout UP. If VTC down, then entry stop 58.44 - countrend Close to high of the prior swing, pullback in the uptrend Already a new swing on the weekly. Need to wait either a new high or another pullback Trend is till up, but can't make a new higher. Not a clear picture. No clear trend on weekly. Need to wait for a direction. 6/18/2019