Can SAVE reverse from a lower low LONG
SAVE missed out on a merger into Jet Blue. No other suitors have come along. It has sunk
in a falling wedge with episodic trends up in the wedge. At present price is at the longer
support trendline of that wedge. Relative strength reflects an oversold and undervalued
condition. The Fisher transform shows a curling up suggestive of the reversal. I will take a
long trade here as SAVE's trend down may be overdue for a correction. I am looking for a
swing trade of 20&% overall with the targets on the chart.
in a falling wedge with episodic trends up in the wedge. At present price is at the longer
support trendline of that wedge. Relative strength reflects an oversold and undervalued
condition. The Fisher transform shows a curling up suggestive of the reversal. I will take a
long trade here as SAVE's trend down may be overdue for a correction. I am looking for a
swing trade of 20&% overall with the targets on the chart.
การซื้อขายยังคงดำเนินอยู่:
SAVE moved up. Stop loss modified to a trailing 3% stop loss. Profitable trade. Full position.
ความคิดเห็น:
Zoom- in showsa golden cross and bullish momentum
ความคิดเห็น:
Holding for a reversal from a double bottom.
ความคิดเห็น:
First target hit- 25% of the position closed to realize profit.