tough to say, I like the recent daily volume, but it's also
quite extended above short term MA's like the 5 and 9 EMA's, so you
might need to give a little room if you are swinging.
on the other hand always look at the intra day charts, here's a
60 min, I noted various support levels. There was divergence
on the RSI via the 60 min time frame however the MACD still looks
healthy suggesting for now that the pullback will be bought, we'll
see...
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CYS follow up
Posted by matt on 13th of Mar 2018 at 11:05 am
CYS - Chart Link - new one from last night
Trying to figure out a
Posted by rojoch on 13th of Mar 2018 at 02:35 pm
Trying to figure out a stop for this if it goes back to 6.76...
6.26 would work if you see it as a double-bottom, with a target of 7.31 but that seems pretty wide (7%)
Or could do yesterday's mid-candle (6.55).
Or could do yesterday's low (6.49).
Or today's low (6.66).
Again, choosing initial stops (and then deciding how/when/where to move them later on) is the part I struggle with the most.
Thoughts?
tough to say, I like
Posted by matt on 13th of Mar 2018 at 02:52 pm
tough to say, I like the recent daily volume, but it's also quite extended above short term MA's like the 5 and 9 EMA's, so you might need to give a little room if you are swinging.
on the other hand always look at the intra day charts, here's a 60 min, I noted various support levels. There was divergence on the RSI via the 60 min time frame however the MACD still looks healthy suggesting for now that the pullback will be bought, we'll see...