Swing setup idea
50 SMA bullish reversal
Analysis summary:
The stock is getting support at the 50 SMA and holding a strong level around $38.72.
After 8 days of selling, buyer volume is starting to step in. With higher lows, higher highs, and a doji candle at support, this could be a capitulation low and a possible reversal.
Levels to watch:
Entry trigger: Close above $38.72
Target: $43.59
Stop: Below the support / doji low
Good luck!
50 SMA bullish reversal
Analysis summary:
The stock is getting support at the 50 SMA and holding a strong level around $38.72.
After 8 days of selling, buyer volume is starting to step in. With higher lows, higher highs, and a doji candle at support, this could be a capitulation low and a possible reversal.
Levels to watch:
Entry trigger: Close above $38.72
Target: $43.59
Stop: Below the support / doji low
Good luck!
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Disclaimer
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📈 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.