💡 Swing setup idea
Support bounce / Bullish reversal
🔎 Analysis summary:
After acting as resistance, the stock finally broke above the 50 SMA. It pushed higher and has now pulled back to successfully test that level as new support.
It formed a bullish hammer candle off the 50 SMA, supported by rising, above-average buyers volume.
👀 Levels to watch:
Entry trigger: Break above $56.07 - $56.74
Target: $70.67
Stop: Under the breakout level
💬 What do you think of this setup? Let me know in the comments! 👇
Good luck!
⚠️ Note: This is for educational purposes only and is not financial advice.
Support bounce / Bullish reversal
🔎 Analysis summary:
After acting as resistance, the stock finally broke above the 50 SMA. It pushed higher and has now pulled back to successfully test that level as new support.
It formed a bullish hammer candle off the 50 SMA, supported by rising, above-average buyers volume.
👀 Levels to watch:
Entry trigger: Break above $56.07 - $56.74
Target: $70.67
Stop: Under the breakout level
💬 What do you think of this setup? Let me know in the comments! 👇
Good luck!
⚠️ Note: This is for educational purposes only and is not financial advice.
📈 Follow for more swing setups & market analysis!
🎯 Want my opinion on a specific stock?
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ko-fi.com/c/82990ede9f
🎯 Want my opinion on a specific stock?
Hit the link below👇
ko-fi.com/c/82990ede9f
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.
📈 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
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.