With CRMD, it got a bounce that reset but didn't
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Posted On: 05/31/2019 7:24:15 AM
With CRMD,
it got a bounce that reset but didn't run up to the 50 day. Those short term bounces is usually what I look for if swing trading. Now it broke below the 200 day, so dangerous territory, $6.41 is key, it should retest that low. We will see if it hold or drop below. When daytrading, I will look for these points, as it tests $6.41, if it survives, you get a quick spike up maybe 5-10c, if it fails, you get a quick drop, that volatility is where you can make quick money if you know what it is going to do in both cases.
with scyx
It did hit the 200mda (which dropped from 1.17 to 1.16 as the price moved down), and bounced, now the macd looks to cross. I will watch to see if the bounce goes to the 50day if the macd crosses, or if it loses steam and comes back to test the 200mda again.
it got a bounce that reset but didn't run up to the 50 day. Those short term bounces is usually what I look for if swing trading. Now it broke below the 200 day, so dangerous territory, $6.41 is key, it should retest that low. We will see if it hold or drop below. When daytrading, I will look for these points, as it tests $6.41, if it survives, you get a quick spike up maybe 5-10c, if it fails, you get a quick drop, that volatility is where you can make quick money if you know what it is going to do in both cases.
with scyx
Quote:
but not below 1.17, it is was to hit around 1.20. That is the price I would be looking to swing trade it.
It did hit the 200mda (which dropped from 1.17 to 1.16 as the price moved down), and bounced, now the macd looks to cross. I will watch to see if the bounce goes to the 50day if the macd crosses, or if it loses steam and comes back to test the 200mda again.
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