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SMDR - possible first time bounce
12 years 2 months ago #10855
by gclark25
SMDR - possible first time bounce was created by gclark25
Keep an eye on the 96.8 price level on the below chart.
Clear horizontal support formed:
However, be careful, this is a first time bounce only trade as the prevailing weekly trend is downwards.
Keep an eye on an RSI trendline break on the below chart. This would be a bearish signal and I wouldn't take the trade personally if this happened. A bounce would be a good short term sign imo and targets towards 110 are foreseeable imo
Clear horizontal support formed:
However, be careful, this is a first time bounce only trade as the prevailing weekly trend is downwards.
Keep an eye on an RSI trendline break on the below chart. This would be a bearish signal and I wouldn't take the trade personally if this happened. A bounce would be a good short term sign imo and targets towards 110 are foreseeable imo
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