Important: We are back at the resistance level from 3/27
MACD -25 positive diverging 30 min candles and about to roll over. (circled)
RSI- Still in slightly oversold zone indicating there is room for the price to drop.
SMI - continue the trend of seeing decline after a spike
Entries and Exits:
I would wait for entry if we continue to see a pull back to $9.82
OR
Would be a buyer @ 10.70 and use $10.50 as a stop loss if we gap up tomorrow.
If already holding 9.10 as a hard stop loss.
MACD -25 positive diverging 30 min candles and about to roll over. (circled)
RSI- Still in slightly oversold zone indicating there is room for the price to drop.
SMI - continue the trend of seeing decline after a spike
Entries and Exits:
I would wait for entry if we continue to see a pull back to $9.82
OR
Would be a buyer @ 10.70 and use $10.50 as a stop loss if we gap up tomorrow.
If already holding 9.10 as a hard stop loss.