We sent out our BGU report and alert on Riot Blockchain at 9:38 a.m. PST this morning, and the chart below shows why. This is a five-minute "620" chart that Gil uses to time entries on a variety of set-ups, among which would be a BGU once it sets a low and begins to turn back to the upside. In this case. We can see that once the 17.75 intraday low was set, RIOT then posted a buy signal on the 620 chart where the orange 6-period e.m.a. crossed above the blue 20-period e.m.a. while the MACD was in a similar cross position with the orange fast line crossing above the blue slow line. That was the time to take the shot, and the stock is about five points higher from there.
Buyable Gap Up - Riot Blockchain (RIOT) Follow-Up
|Published:||11 Dec 2017 15:22 ET|
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