As mentioned sounds like Wall street news about strong sales sent this one up again today, Weak support at the 48.50 level, could easily break down, very strong support at the 39.50 level.
So I think that this a still in the buy range,,,,, however all it takes is a triple drop to hit the sell score. Put your stop loss in if playing short. The only way to trade this stock if your not long from under 40 would be to channel/ support and resistance the chart and watch it like a hawk. Because of zero past history at this level it seems like its an old guessing game LOL, no looking left for help here.
my advice if your day trading this stock you better be watching closely or your day trading portfolio could turn in to a LONG one.
(oh yeah I'm not a financial analyst , just a confused trader waiting for A VERRRRRYYYYYYYY LONG OVER DUE CORRECTION TO HAPPEN
Good luck traders
So I think that this a still in the buy range,,,,, however all it takes is a triple drop to hit the sell score. Put your stop loss in if playing short. The only way to trade this stock if your not long from under 40 would be to channel/ support and resistance the chart and watch it like a hawk. Because of zero past history at this level it seems like its an old guessing game LOL, no looking left for help here.
my advice if your day trading this stock you better be watching closely or your day trading portfolio could turn in to a LONG one.
(oh yeah I'm not a financial analyst , just a confused trader waiting for A VERRRRRYYYYYYYY LONG OVER DUE CORRECTION TO HAPPEN
Good luck traders