jangseohee

Swing trade based on Moving Average

Penjualan
AMEX:XOP   SPDR S&P Oil & Gas Explor & Product
2
2 days ago, when price was rejected by downslope of 20 EMA, my short position at 74.5 was triggered. Stop loss at 75.4 where there was a minor resistance.
Seems like a variant evening started at 200EMA level but price closed below 200EMA with increasing volume.
Profit target will be 70 which coincide again with the S/R zone between Mar-Apr
This SPDR S&P Oil & Gas ETF is reflected in the movement of stocks like XOM, CVX, etc
And it is a BIG head & shoulder pattern from april until yesterday!

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.