Trade setup: Price is in an Uptrend. Following a bullish breakout from a Descending Triangle pattern, price rallied +20% to $8.50 before pulling back on some profit taking. If it pulls back near $7.00, that could be another attractive swing trade entry in Uptrend. Stop Loss (SL) at $6.70, just below prior swing low.
Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance: Nearest Support Zone is $7.00 (previous resistance), then $6.00. The nearest Resistance Zone is $9.50, then $11.00.
Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance: Nearest Support Zone is $7.00 (previous resistance), then $6.00. The nearest Resistance Zone is $9.50, then $11.00.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.