Wednesday, June 22, 2016 8:33:11 PM
Possible....still in a down trend right now though. 10EMA is below the 30SMA and both are sloping down. You can see where the price rallied and was rejected at the 10EMA. The last Volume-by-price band coincides with S2 and that could lead to a bounce, but I would stick to day trading it. I (personally) would consider a swing long when 3 things happen:
1. I'd like to see the STO cross back over 20
2. I would want a close over the 10EMA
3. Price breaks out of and closes over the descending channel
Is doesn't mean you're wrong, it could run like a bat out of hell tomorrow.....just saying I would feel safer with a couple of confirmations.
1. I'd like to see the STO cross back over 20
2. I would want a close over the 10EMA
3. Price breaks out of and closes over the descending channel
Is doesn't mean you're wrong, it could run like a bat out of hell tomorrow.....just saying I would feel safer with a couple of confirmations.
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