Consolidating for the last few weeks in an increasingly tight range between the weekly 20 (yellow) and 50 (green) moving averages.
Bullish on an upside break and flip of the 50 as support
Bearish on a break of the 20 and retest as new resistance.
Note this is all occurring in a weekly timeframe inverse head and shoulders [bullish]. I am inclined to lean in to a bullish bias.
No position yet but I'll be looking to start a swing trading position at the 20 weekly moving average (low to mid 98s) this week with a stop loss at 97.
Position to be posted upon entry.
Have a great week.
Bullish on an upside break and flip of the 50 as support
Bearish on a break of the 20 and retest as new resistance.
Note this is all occurring in a weekly timeframe inverse head and shoulders [bullish]. I am inclined to lean in to a bullish bias.
No position yet but I'll be looking to start a swing trading position at the 20 weekly moving average (low to mid 98s) this week with a stop loss at 97.
Position to be posted upon entry.
Have a great week.
Giao dịch đang hoạt động
Entry: 98.76. Shares only.Đóng lệnh: dừng lỗ
Stopped out for a small loss @97.75. Staying away for now as it lost both the 20 and 50 day support.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Thông báo miễn trừ trách nhiệm
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.