Tweet
I trade with technical analysis, and this stock is on my watch list for Monday. Please give me your opinion on this stock.
-
-
any insight as to what technical things you're looking for?
what i get out of the chart, is that there was a bullish hammer signaling a reversal, but followed by 2 down days, where it actually needed a confirmation up day. You could take friday as just a late confirmation of that last signal since fridays real body is well into the real body of the day before the bullish hammer.
On top of that, it seems to just have bounced off some support around the 12.60 - 12.80 level. And im guessing you already noticed the fact that slow stochastics have both a cross of %K over %D and seems to be heading above 20, out of oversold territory. Seems like a nice buy, only thing its missing is the fact that its not in an overall up trend
Comment