You can check multiple charts on daily timeframe and see similar patterns.
* price returning to moving average
* RSI returning to 50
* this pullback creates handle to V-shaped cup
Swing calls will work as long as RSI stays over 50 (or dips below and moves back over) - I suggest using 2 stops to not completely miss a good trade, and be thoughtful of how much capital you put into one trade.
* price returning to moving average
* RSI returning to 50
* this pullback creates handle to V-shaped cup
Swing calls will work as long as RSI stays over 50 (or dips below and moves back over) - I suggest using 2 stops to not completely miss a good trade, and be thoughtful of how much capital you put into one trade.
Catatan
This observation is true of other stocks that show a "V" pattern:* RSI may not return to 50 before more upside, or there is a bit more downside first (avoid bias)
* while daily shows cup handle could lead to more upside, see weekly chart for perspective
* growth stocks like FB & MSFT may eventually sell off for value stocks like NKE & SBUX, which have a very different chart look
caution is definitely needed in your trading decisions right now
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.