Tuesday, February 21, 2017 4:17:03 PM
I want it to stay in that power zone and demonstrate strength and not reversing trend by going below rsi 50.
http://www.stockcharts.com/h-sc/ui?s=IDRA&p=D&yr=1&mn=3&dy=0&id=p88502436562
The issue IMO is whether IDRA has the strength to bang the ceiling at the 200 day and make it support or whether it will retest 50 day at 1.55. 1.62 IMO must hold as current support or we test at least the 50 day. 1.62 will be the P-pivot in March.
I would prefer price does not go below Thurs stick candle bottom. I think having the R-1 pivot as support will roll the 8ema over setting up a potential downcross which I do not want.
http://stockcharts.com/h-sc/ui?s=IDRA&p=D&yr=0&mn=4&dy=0&id=p43863742037
With the 8ema still above the bb midline price is still in solid shape with ma's still nicely stacked and angled up.
Not looking at lower targets right now, lol, energy is in positive vibes.
Green to all.
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