Currently, the stock is forming a falling wedge pattern, though it hasn’t broken out yet. We’re also seeing a clear RSI divergence, which adds weight to the setup.
Once we get confirmation of the wedge breakout, I’ll be looking for a long entry, with:
Target: 10.13
Stop-loss: around 7.90 (last swing low)
Risk-to-reward ratio: approximately 3.26
Once we get confirmation of the wedge breakout, I’ll be looking for a long entry, with:
Target: 10.13
Stop-loss: around 7.90 (last swing low)
Risk-to-reward ratio: approximately 3.26
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.