EMA 21 Setups Jul 19
Several stocks to add up to the watchlist on July 19 period would be S*** and P**P, continue to read to find out how this setup stole my attention.
Pay attention to the Exponential Moving Average, here I used the EMA length of 21, 34 and 50. Noticed how the price crossed up the EMA 21 and 34 and somehow move further away from EMA 50. The Volume profile is also clean and showed no sign of massive Distribution. The RSI value also rebounded from the oversold area and the overall trend is in uptrend state, trying to test several key levels area. Some of the key levels area to be tested are:
- Current Resistance level is 466
- Next key area to be tested are 474, 486 and 500
On a personal note, I currently use this setup for P**P, and you might also want to check W**G and U**R charts for historical reference. Let me just show you W**G chart down below.
Let see how it goes for these stocks (this one and the one that I took positioned in it) in the next couple of trading days, fingers-crossed.