A2M - Double bottom and bullish divergence
I have a position in this that I picked up on the earnings drop.
Was looking for a short over-reaction scalp and considering closing it out but stop to wonder if this could be an actual reversal.
Weekly
- double bottom on hte breakout
- bullish divergence
Double bottom on the breakout is obviously a strong support line. There will be a lot of price memory here, see the big volume candle at the current bottom. A lot of action but still didn't get past it.
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disclaimer: this is not financial advice, I am not a CPA.
Trade at your own risk.
Was looking for a short over-reaction scalp and considering closing it out but stop to wonder if this could be an actual reversal.
Weekly
- double bottom on hte breakout
- bullish divergence
Double bottom on the breakout is obviously a strong support line. There will be a lot of price memory here, see the big volume candle at the current bottom. A lot of action but still didn't get past it.
-----------------------------
disclaimer: this is not financial advice, I am not a CPA.
Trade at your own risk.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.