This Is One Way To Use The 5-Period RSI In Your Trading

Kimberly Clark (KMB)
gapped down at the open
on the news the company’s first quarter
profit fell 2 percent. When a stock gaps down, you should watch the stock
closely. It may give you a trap door buy opportunity.

09:45:24 (from TradersWire)




Action

Symbol

Order Type

Setup

Stop

 Target

Current Price

Posted By

Buy

KMB buy stop at 62.38 trap door 62.23 62.75 62.30

TK

Shortly after 9:35, KMB formed an
inside bar on the 5-minute chart. As you know, inside bars often signal imminent
directional changes. Notice the 5-period RSI was indicating a positive
divergence. I placed a buy stop at 62.38.

09:56:39 (from Traderswire)

Follow up on KMB (Pt 2)

Sell half. Keep stop at breakeven.  

(Chart courtesy of QCharts)

If you have questions, feel free to
mail
them to me.

P.S.

You can find more on Trap Door below.


https://tradingmarkets.comgalleria.site/