I been watching this stock for a while now . It has earnings next month. So, i expect some sideways movement till then but its a good set up. Let's take a look.
Monthly: Macd is crossed up. Price is between Tenkan and Kijun .
Weekly: Macd is crossed up. Price is at resistance bit above Tenkan and Kijun. LT trendline has been broken. Chikou is above price.
Daily: Bullish ichimoku. But macd is crossed down and chikou is below price .
So, I am looking for Breakout on weekly for me to go long. Patience is needed as of now. I want to see the earnings reaction before taking a position. I don't gamble. We'll see if it proves itself bullish again. Otherwise, it's a no go.
Thought to share
Thanks guys
Monthly: Macd is crossed up. Price is between Tenkan and Kijun .
Weekly: Macd is crossed up. Price is at resistance bit above Tenkan and Kijun. LT trendline has been broken. Chikou is above price.
Daily: Bullish ichimoku. But macd is crossed down and chikou is below price .
So, I am looking for Breakout on weekly for me to go long. Patience is needed as of now. I want to see the earnings reaction before taking a position. I don't gamble. We'll see if it proves itself bullish again. Otherwise, it's a no go.
Thought to share
Thanks guys