I've shorted MIG at 10.50 then covered around 9.50 and then shorted again @ $10.00 on 11/28.
Here is my reasining:
WEEKLY CHART - 3 weeks ago MACD made a BEAR Cross and crossed 'under' signaling BEAR move.
This move was confied by deeper dropping MACD Histogram. This move further confirmed by price dropping below it's 26-EMA (half of 1 year 52weeks). Other osialators Wm% and RSI giving bear signal.
DAILY-almost similiar picture as Weekly but a bit worse. Which confirmed SHORT move.
I appreciate any constructive criticizm, if you think my method is flawed..or if you are thinking differently I appreciate if you shared.
What do you think? SHORT eh?
Here is my reasining:
WEEKLY CHART - 3 weeks ago MACD made a BEAR Cross and crossed 'under' signaling BEAR move.
This move was confied by deeper dropping MACD Histogram. This move further confirmed by price dropping below it's 26-EMA (half of 1 year 52weeks). Other osialators Wm% and RSI giving bear signal.
DAILY-almost similiar picture as Weekly but a bit worse. Which confirmed SHORT move.
I appreciate any constructive criticizm, if you think my method is flawed..or if you are thinking differently I appreciate if you shared.
What do you think? SHORT eh?