MO trading idea + Technical analysis
A lot happening with this name.
Short case:
- Doji confirmation following the hanging man 6 days prior.
- Steep wedge pattern
- Extremely low VIX momentum
- RSI over-extended
- Negative divergences on lower time-frames
- Currently sitting at potential profit taking resistance of Inv. H&S
Long Case:
- Wedge is still intact
- Above 20, 50 and 200 MA on daily
- Increasing Volume
- RSI can stay Over-brought for as long as it wants
- No RSI divergences on Longer time frames (i.e Daily, weekly...)
NOTE: Nothing here is looking at Fundamentals of the company, only Tech.
Short case:
- Doji confirmation following the hanging man 6 days prior.
- Steep wedge pattern
- Extremely low VIX momentum
- RSI over-extended
- Negative divergences on lower time-frames
- Currently sitting at potential profit taking resistance of Inv. H&S
Long Case:
- Wedge is still intact
- Above 20, 50 and 200 MA on daily
- Increasing Volume
- RSI can stay Over-brought for as long as it wants
- No RSI divergences on Longer time frames (i.e Daily, weekly...)
NOTE: Nothing here is looking at Fundamentals of the company, only Tech.
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.