Wednesday, July 10, 2024

Tradingview.com | SABR stock | July 10 2024 | Market Sentimental indicator

 SABR stock went down over 3% after the market opened at 6:30 AM PST, in less than 15 minutes, 3% price drop. What to do?


SABR stock oversold, $2.83/ share, should get in at lowest price in the whole session.

See the above image - red area - oversold, SABR stock $2.82/ share, try to get in $2.82/ share, and then wait for a rebound - $2.97/ share in 4 hours. 

I should get back in 5000 shares position on SABR stock, I purchased at $3.03/ share and sold $2.67/ share when FED interest rate - Powell gave negative signal on Sept. interest rate drop. But I was afraid more loss.



Bearish - all indicators except three showed bearish




A big volume of purchase order came in (volume indicator), so VWAP indicator showed positive as well, strong bullish in the following. SABR share price jumped to $2.91/ share. 















No comments:

Post a Comment