Okay this is a bit confusing.
the 3.40ish area is good entry because the stock appears bullish and MACD reversal appears to be happening.
It seems to have a bullish long trend, with resistance at the $4.00 mark
I want to enter with a stop loss being a fall below the long term trend line. A second level of support is the black line.
I am entering at 3.40 ish, exiting at 4.00 on the dot.
Then re-entering as it reaches the bottom of the trend line, and so on so forth.
Ill be watching for breaks above the 4 dollar resistance mark, that would be a bullish opportunity as well.
the 3.40ish area is good entry because the stock appears bullish and MACD reversal appears to be happening.
It seems to have a bullish long trend, with resistance at the $4.00 mark
I want to enter with a stop loss being a fall below the long term trend line. A second level of support is the black line.
I am entering at 3.40 ish, exiting at 4.00 on the dot.
Then re-entering as it reaches the bottom of the trend line, and so on so forth.
Ill be watching for breaks above the 4 dollar resistance mark, that would be a bullish opportunity as well.