Hey guys
I was going through my stocks watchlist. I came across this stock .Let's take a look.
Weekly is extended as you can see. Price is swing wide of kijun sen and macd got no momentum now.
Daily is still bullish but divergences can be seen on macd.
How to trade it?
Wait for weekly reversal candle and daily kijun break and then let price make a lower high for swing short opportunity. As of now, I am just watching it. But sooner or later, move to the downside is coming and i'll be ready then.
Thought to share it.
Thanks for reading.
I was going through my stocks watchlist. I came across this stock .Let's take a look.
Weekly is extended as you can see. Price is swing wide of kijun sen and macd got no momentum now.
Daily is still bullish but divergences can be seen on macd.
How to trade it?
Wait for weekly reversal candle and daily kijun break and then let price make a lower high for swing short opportunity. As of now, I am just watching it. But sooner or later, move to the downside is coming and i'll be ready then.
Thought to share it.
Thanks for reading.