SM can see REVERSAL here!
There is a real opportunity here!
SM has taken a beating along with the other major energy players. You can thank Corona virus for causing many of these dumps but i'm looking at the bright side...
Reasons to long:
-Strong weekly support that has seen massive reversals throughout its history
-Weekly divergence on the macd and rsi
-Daily divergence on the macd (Class A)
-Triple bullish divergence on the 4h
- PCZ of crab harmonic pattern (value zone)
-Easy tight stop under resistance, yet high retracing potential
This is not financial advice, please do your own research before opening a position
If you enjoyed this idea, please give me a like. For more content like this follow me
Thanks for your support!
SM has taken a beating along with the other major energy players. You can thank Corona virus for causing many of these dumps but i'm looking at the bright side...
Reasons to long:
-Strong weekly support that has seen massive reversals throughout its history
-Weekly divergence on the macd and rsi
-Daily divergence on the macd (Class A)
-Triple bullish divergence on the 4h
- PCZ of crab harmonic pattern (value zone)
-Easy tight stop under resistance, yet high retracing potential
This is not financial advice, please do your own research before opening a position
If you enjoyed this idea, please give me a like. For more content like this follow me
Thanks for your support!
Pubblicazioni correlate
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.