Timonrosso

High FIVE to FIVE for showing upside to come to $238.28

Long
NASDAQ:FIVE   Five Below, Inc.
Cup and Handle has formed since 2022 which broke above recently.
The price has come back down in the handle but it seems like the price wants to retest the uptrend.
7>21 (Bullish)
Price >200 (Bullish + Green back)
RSI >50 (Bullish - Green back)
Target $238.28
CONCERN:
We are seeing the price come down below the Handle. This isn't ideal after a breakout above the brim level as investors start getting spooked out of their trades.
I would consider this a medium probability trade and we should let the price come back a bit.

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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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