Looks like a nice long, Morning star signal has me interested, and on the weekly chart we see a morning star signal also. (The weekly shows the morning star is a great distance from the other MA's, so I would expect the stock should retest these averages.). This supports bullish moves until at least the weekly MA retest
1. Morning star signal
2. Fibonacci confluence zone
3. Stochastic curling up from o.s condition
4.Stock is currently where price bottomed a long time ago. (This information is for structure traders, But I don't personally care if price is matching with previous bottoms)
5. Completed an ABCD pattern, the general outcome is a long from these levels.
But what I look at the most is always the candles! We see a nice morning star, about to break the 8EMA. I want to see a GAP tomorrow to the UPSIDE before I long. If the price does open below todays trading, i'll just wait for the right time to get in to the correction.
An open above 14.28 is a very high probability confirmation that we are about to buy into the right long position :)
Thanks
Tom
1. Morning star signal
2. Fibonacci confluence zone
3. Stochastic curling up from o.s condition
4.Stock is currently where price bottomed a long time ago. (This information is for structure traders, But I don't personally care if price is matching with previous bottoms)
5. Completed an ABCD pattern, the general outcome is a long from these levels.
But what I look at the most is always the candles! We see a nice morning star, about to break the 8EMA. I want to see a GAP tomorrow to the UPSIDE before I long. If the price does open below todays trading, i'll just wait for the right time to get in to the correction.
An open above 14.28 is a very high probability confirmation that we are about to buy into the right long position :)
Thanks
Tom