See how this weekly candle closes, and note height of RSI. There is support at 650-675 on hourly chart, at the 20sma on daily chart.
***Note on hourly chart the RSI tested 50 and turned back down. It should stay lower if stock moves lower.
No way to know how much selling will occur; it could back to 500 or bounce from first support - so be happy with your risk!
***Note on hourly chart the RSI tested 50 and turned back down. It should stay lower if stock moves lower.
No way to know how much selling will occur; it could back to 500 or bounce from first support - so be happy with your risk!
Trade ativo:
Opened 2/14 expiry, 600 put at $6.80. See Thursday's 5min chart, at 3pm, and note stochastic oscillator %K gave a signal by crossing from over 80 to under 20 in 3 periods (candles). Also on hourly chart the %D stochastic is under RSI, which should stay under 50 if stock is to drop.
Trade fechado manualmente:
Closed put for $6.50 because candle closed over 5min downtrend line. Connect closing points since 11:30am yesterday and you will see today's 11:35am candle closed over the line.
