VXRT showing repeat breakout pattern within a parallel channel. Looking for 5 EMA to cross 20 EMA and MACD cross: if you look at the prior breakout, price moved outside the downtrend and traded sideways until the the 5/20 EMA cross and MACD crossing up. MACD is currently reading -.005, so I expect the next positive trading day to result in the MACD crossing up and the 5/20 EMA cross which I expect to be the catalyst for another move higher.
I am looking to buy this one right here against the 50 EMA and the rising 5 day EMA.
I am looking to buy this one right here against the 50 EMA and the rising 5 day EMA.
Note
Sometimes they go your way
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.