Prime example of a daytrade 60 EMA play is HOFF. Tapped ithe 60 EMA and bounce like beautifully. A buy at the 60 EMA and a sell the in the next mornings gap would've been an ideal 60 EMA bounce play imo.
On a different note, HOFF looks ok here, with it's white candle, and an RSI looking to break up through the 30. MACD could look a little better, but the most recent bar is not a continuation of down, but a slight improvement from the prior ugly bar. An oversold play worth an eye.
On a different note, HOFF looks ok here, with it's white candle, and an RSI looking to break up through the 30. MACD could look a little better, but the most recent bar is not a continuation of down, but a slight improvement from the prior ugly bar. An oversold play worth an eye.
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
