Bullish signs beginning to emerge after 9 months of underperformance.
Bounce off of inside trend line from August high. SMAs of 5, 20, and 50 scrunched up inside midpoint of symmetrical triangle ready to slope upward with any price continuation. RSI closed over 50.
Entered at 50.46.
First price target is 60.00. Gap to fill, 200 SMA test, and second target at 64.25.
Stop below low on 3/29 and triangle at 47.87.
Approximate Risk / Reward = 1 / 3 at first target; 1 / 5 at second target
Bounce off of inside trend line from August high. SMAs of 5, 20, and 50 scrunched up inside midpoint of symmetrical triangle ready to slope upward with any price continuation. RSI closed over 50.
Entered at 50.46.
First price target is 60.00. Gap to fill, 200 SMA test, and second target at 64.25.
Stop below low on 3/29 and triangle at 47.87.
Approximate Risk / Reward = 1 / 3 at first target; 1 / 5 at second target
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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.