BrewBilt Brewing Co (BRBL)

[dmlabuda]

Weekly, Daily and Hourly Charts all look somewhat bullish but, the timing on the Hourly (60-Minute) chart is not yet in place. I like to take a position when a stock is Oversold on The Weekly, Daily and Hourly chart indices. That to me is perfect timing for a entry into a market. We have been Oversold on the Weekly Chart for about one to two months now (depending on what indicator you are looking at) and when the RSI reached an Oversold reading on the the Daily last week, the volume spikes up significantly more than you might expect for a short covering rally. But, the Hourly Chart is coming off Overbought reading which is why today's rally may have met resistance and it is not yet Oversold indicating that the perfect timing on buying this sock could be later today or tomorrow depending on the RSI, and Williams %R on the Hourly Chart. The MACD has crossed up on Daily Chart so, that in addition to the other indices makes this look like a pretty good swing trade from the long side.

GRPR - Daily Candlesticks


GRPR - 60 min Candlesticks