Raya is starting to show signs of a pullback

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Raya is starting to show signs of a pullback after its recent move 📉.

The stock closed above an important support level at 5.2, which is currently a key level to watch.

⚠️ If 5.2 breaks, it could confirm a double-top pattern, potentially pushing the price toward the following support levels:
• 4.7
• 4.3

The stock is also very stretched and trading far above the 200 MA and main support levels, which increases the risk of a strong correction if new liquidity does not enter the stock. 📊

⚠️ Due to the current market volatility, I don’t recommend entering at this stage.

👉 If you like my analysis, please follow and boost 🚀📊

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