Modern meat on watchlist for a buying opportunity
As you can see, it had price rejection at the top red line from previous ceilings.
MACD showing a reversal and there is some selling/profit taking going on.
This appears to be very compliant with a MACD strategy, I am waiting for a dip, a reversal and MACD confirmation to go long on swing trade.
I do not personally short stocks, could be an opportunity to short although market conditions are bullish atm.
I should mention that so far this stock appears to reverse to new buying opportunities anywhere from 3-9 days.
MACD showing a reversal and there is some selling/profit taking going on.
This appears to be very compliant with a MACD strategy, I am waiting for a dip, a reversal and MACD confirmation to go long on swing trade.
I do not personally short stocks, could be an opportunity to short although market conditions are bullish atm.
I should mention that so far this stock appears to reverse to new buying opportunities anywhere from 3-9 days.