A2M - Double bottom and bullish divergence
I have a position in this that I picked up on the earnings drop.
Was looking for a short over-reaction scalp and considering closing it out but stop to wonder if this could be an actual reversal.
Weekly
- double bottom on hte breakout
- bullish divergence
Double bottom on the breakout is obviously a strong support line. There will be a lot of price memory here, see the big volume candle at the current bottom. A lot of action but still didn't get past it.
-----------------------------
disclaimer: this is not financial advice, I am not a CPA.
Trade at your own risk.
Was looking for a short over-reaction scalp and considering closing it out but stop to wonder if this could be an actual reversal.
Weekly
- double bottom on hte breakout
- bullish divergence
Double bottom on the breakout is obviously a strong support line. There will be a lot of price memory here, see the big volume candle at the current bottom. A lot of action but still didn't get past it.
-----------------------------
disclaimer: this is not financial advice, I am not a CPA.
Trade at your own risk.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.