way too risky to enter at this point. You can wait for 5.50 or little under 4 when the up gap been filled. The gap does not always get filled. RSI is overbought, MACD almost about to be bearish. MACD my be bearish if it become a bearish day when the stock market open. If the stock goes higher than 7 in this week. It may become a very danger zone. It need to cool down from all that bullish rally. In my view is something I would look for shorting this stock.
way too risky to enter at this point. You can wait for 5.50 or little under 4 when the up gap been filled. The gap does not always get filled. RSI is overbought, MACD almost about to be bearish. MACD my be bearish if it become a bearish day when the stock market open. If the stock goes higher than 7 in this week. It may become a very danger zone. It need to cool down from all that bullish rally. In my view is something I would look for shorting this stock.
Thanks, cybereye. I am not the most knowledgeable technical analyst, so I appreciate your advice!