Four Horsemen Trading
Daily Watch-List for Jan 12
#1
$SOLO - Swing Trade
Float: 63M
Cash: 16M CAD per Q3 ER
Support: 6.60
Resistance: 7.60 then 8.20
Thesis:
- Wasn't sure about this one but today it showed life with increase volume and a breakout of minor resistance
- MACD about to cross over and RSI curling at 56
- Beaten down EV play.
- Lots of resistance to get through but with more volume we can see higher
- Looking for a dip to 20ema at 6.81 to hold for a confirmation up a possible uptrend
- Will try and alert a intra-day buy if i see a technical set up form.
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