Carnival is not yet ready to Party! Need Volume Confirmation
Analysis:
1/ Price retraced above 50% - It's unlikely to create new low
2/ Consolidating to build strength to take our $13 resistance
3/ Overbought in the last 20+days - likely for price to go down to do a fakeout
4/ Boom!!! The party happens after fakeout - expect at $10 range
Confirmations for a big run:
1/ Already oversold for the price to go down for a fakeout - Timer set to alert me to start entering trade.
2/ Waiting for volume to cross above my timer for change in trend
3/ If/when price breaks $13 resistance, I'll add more.
1/ Price retraced above 50% - It's unlikely to create new low
2/ Consolidating to build strength to take our $13 resistance
3/ Overbought in the last 20+days - likely for price to go down to do a fakeout
4/ Boom!!! The party happens after fakeout - expect at $10 range
Confirmations for a big run:
1/ Already oversold for the price to go down for a fakeout - Timer set to alert me to start entering trade.
2/ Waiting for volume to cross above my timer for change in trend
3/ If/when price breaks $13 resistance, I'll add more.