Yesterday's candle really expanded its trading range with a .45 cent intraday move vs. its ATR of .31 cents. Closing over the 23.6% fib level is encouraging and I like the proximity to the POC line at 2.19 (represents Point of Control) it's the point where the most shares were traded since Sept 1.
I want to see this hold the Fibonacci level at $2.30 for entry. Also keeping watch on the 9ema to stay above the 20ema. I will go long with a 1 ATR stop until this moves in my favor. I like Chinese stocks and blockchain for 2021 so this could be a nice swing trade.
I want to see this hold the Fibonacci level at $2.30 for entry. Also keeping watch on the 9ema to stay above the 20ema. I will go long with a 1 ATR stop until this moves in my favor. I like Chinese stocks and blockchain for 2021 so this could be a nice swing trade.