- RSI move up and point up
- MACD and PMO still golden cross up
- BB squeezed so much that ready for expansion
- price box [41,46] ready to break out
- price right under 50 days MA and get retrace back from 200 days MA last Friday (2/24/2017)
In summary, most technical indicators point to the stock price will shoot up. However, the 50 days MA and 200 days MA are still resistance. Is this a concern? My personal opinion is "the 50 days and 200 days MA resistances are a take away , a contrarian signal". How to handle this trade?
- Buy after break out 50 days and 200 days MA, then next is the upside target: gap fill around $55.
- Buy between 45~46, wait for break out, stop below 42. upside target same around gap fill $55.
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