Daily chart showing 50 EMA, 10 SMA, RSI 20 and RSI 4.
Hyatt, Want to Buy It?
Hyatt (H) made a 10% pullback to the 50 EMA, setting up a 50/50 Strategy Setup. The 50/50 is a test of the 50 EMA by price in conjunction with a test of the 50 level of RSI 20. This is not an automatic buy. Stocks often test the 50 EMA twice, so we now track price for strength and signs that buyers are back in control. One positive signal is positive divergence in RSI 4. My buy point will be the Power Point Signal. Stay tuned.