The stock Guess looks ready to take off:
* Down trendline broken;
* EMA 50 crossed above EMA 200;
* Resistance broken now turned support;
* Price snapped back to support and bounced off it, confirming it's strength;
Target Price: 19.50$ then 23.30$
Stop price: a close below 14.25$
* Down trendline broken;
* EMA 50 crossed above EMA 200;
* Resistance broken now turned support;
* Price snapped back to support and bounced off it, confirming it's strength;
Target Price: 19.50$ then 23.30$
Stop price: a close below 14.25$
Comment:
First target reached, long will be maintained
Trade closed: target reached