My trading plan is very simple.
I buy or sell when price tags the top or bottom of parallel channels.
I confirm when price hits Fibonacci levels.
So...
Here's why I'm picking this symbol to do the thing.
Price at bottom channels (period 100 52 & 26)
Stochastic Momentum Index (SMI) at oversold level
VBSM is spiked negative and under at bottom of Bollinger Band
Entry at $50.95
Target is $54 or channel top