ETON jumped on a big earnings report a week ago. This small cap biotechology
company is making big money and traders responded. It has now experienced
a standard 0.5 Fib level retracement pullback and traders early in the jump
take profit. At this level new buyers have equilibrated with those selling their
shares and taking profit. The ZL MACD lines are ready to cross bearly under the
histogram whose negative/ red amplitude is reverting toward the zero line.
The lines of the dual time frame RS indicator have held above the 50 level.
In consideration of this healthy pullback and buying /selling pressure equilibrium
I will take a long trade looking for 15-20% upside considering also the uprising
fundamentals of the stock based on the big earnings beat.
company is making big money and traders responded. It has now experienced
a standard 0.5 Fib level retracement pullback and traders early in the jump
take profit. At this level new buyers have equilibrated with those selling their
shares and taking profit. The ZL MACD lines are ready to cross bearly under the
histogram whose negative/ red amplitude is reverting toward the zero line.
The lines of the dual time frame RS indicator have held above the 50 level.
In consideration of this healthy pullback and buying /selling pressure equilibrium
I will take a long trade looking for 15-20% upside considering also the uprising
fundamentals of the stock based on the big earnings beat.
ملاحظة
On the weekly chart ETON demonstrates a big engulfing bullish candle with confirmatory indicators showing the momentum flip تم فتح الصفقة
For those maybe looking for another setup idea 
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.