MOMO is making a reversal

Potential Reversal in MOMO. .
+ EMA20 Crossed Above EMA50
+ Price stay above EMA20, RMA50 and EMA200
+ Price broke Downtrend Line and making Higher High
+ Price making Lower Low and tested Uptrend Line several times.
+ Nice Volume
+ Break Upper Bollinger Band
+ Strong +ve Force Index.

Expect to pull back a little to test EMA20 and make another Higher Low before continue to move uptrend to First Target of $39.
Next Target is to close the GAP down at $41
and Complete Rounding Bottom pattern at $46.

Conservative Trader : Put in watch-list. Partial Entry after pullback and new Higher Low form at around EMA20.
Aggressive Trader : Long with stop loss at previous Higher Low.

Zlecenie aktywne:

On course towards first target.

Transakcja zamknięta: osiągnięto wyznaczony cel:

Completed rounding bottom pattern.
Target achieved

Zlecenie aktywne:

Next target : 1x of rounding bottom = ~70
Waiting for pattern to form for next entry..