This is my first chart and I am appreciative of any constructive feedback. I see a bullish pennant
and I like a strong macd
and 20 ema
combination for a bounce. I think failure to hold support at the 20 ema
could send it down to test $1.60 support. I am long at $1.91 with a mental stop on a break of the 20ema and a PT of $2.30, a 2 to 1 R to R. Would consider re-entering at $1.60 if stopped out. Thoughts?