Swing setup idea
50 SMA bullish reversal
Analysis summary:
The stock is getting support at the 50 SMA and holding a strong level around $38.72.
After 8 days of selling, buyer volume is starting to step in. With higher lows, higher highs, and a doji candle at support, this could be a capitulation low and a possible reversal.
Levels to watch:
Entry trigger: Close above $38.72
Target: $43.59
Stop: Below the support / doji low
Good luck!
50 SMA bullish reversal
Analysis summary:
The stock is getting support at the 50 SMA and holding a strong level around $38.72.
After 8 days of selling, buyer volume is starting to step in. With higher lows, higher highs, and a doji candle at support, this could be a capitulation low and a possible reversal.
Levels to watch:
Entry trigger: Close above $38.72
Target: $43.59
Stop: Below the support / doji low
Good luck!
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📈 Follow for more swing setups & market analysis!
🎯 Want my opinion on a specific stock?
Hit the link below👇
ko-fi.com/c/82990ede9f
🎯 Want my opinion on a specific stock?
Hit the link below👇
ko-fi.com/c/82990ede9f
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.