A few days ago I made an analysis on ROSE and the rising wedge it has been trading in. In my previous analysis I wrote that I expected ROSE to see some kind of reversal in the next few days. After making this analysis, ROSE saw another nice move up, but in the end failed to reach $0.6.
For now, I'm expecting more downside for rose. I expect the $0.4-$0.35 area to hold in the coming weeks. Would be great to see another reversal from here, likely targeting $0.6.
Happy trading!
For now, I'm expecting more downside for rose. I expect the $0.4-$0.35 area to hold in the coming weeks. Would be great to see another reversal from here, likely targeting $0.6.
Happy trading!
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