Limited risk opportunity to sell $X
Negative RSI divergence on the hourly and lower time frames after today's monster rally up. Also weak volume so far today. Long wicked candle at longterm channel/flag resistance. If we go above the high of today $26.32 I would cover around there OR if we close above the channel.
It appears that
X has a history of these huge rally's into the resistance, then dumping back down to the lower channel support.
It appears that
X has a history of these huge rally's into the resistance, then dumping back down to the lower channel support. Note
stopped!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.