Setup Summary:
-Timeframe: 1H Heikin Ashi
-Pattern: Classic Triple Bottom forming off a major Demand Zone
-Break of Structure (BoS) will confirm the reversal bias, you may wait for a close above the line or jump now!
-Key breakout potential with tight risk and high upside reward
Fundamentals (Q2 Earnings)
-EPS Surprise: Reported -$0.27 vs Est. -$1.12 → Beat by 75.89%
-Revenue: $127.56M vs Est. $125M → Beat by $2.56M
"Big upside EPS surprise shows cost management or margin improvements, adding bullish bias"
Technical Analysis:
Demand Zone: Heavily tested, triple-tap pattern suggests absorption complete
Triple Bottom Levels:
Touches: 3 confirmations at ~$3.21
Breakout Zone: $3.60
Supply Zone Target: $5.10
📌 Trade Plan
Component Level
🎯 Entry $3.60 (Now) or wait for breakout confirmation $3.73
🛑 Stop $3.35 (just under the triple bottoms)
🎯 TP1 $3.84 (1:1 RR)
🎯 TP2 $4.09 (2:1 RR)
🎯 TP3 $4.34 (3:1 RR)
🎯 TP4 $4.59 (4:1 RR)
🎯 TP5 $4.83 (5:1 RR)
🎯 TP6 $5.08 (6:1 RR)
🎯 TP7 $5.33 (7:1 RR)
RR Ratio: Potential up to 6:1
Trade Management:
Move Stop Loss to Break Even at TP1
Trail stop up each RR level
Consider scaling out at TP3–TP5 range
Exit entirely near supply zone or at the trendline break
“The market is a device for transferring money from the impatient to the patient.” – Warren Buffett
⚠️ Disclaimer
This is not financial advice. For educational purposes only. Always do your own research and consult a licensed financial advisor. Trading involves risk.
-Timeframe: 1H Heikin Ashi
-Pattern: Classic Triple Bottom forming off a major Demand Zone
-Break of Structure (BoS) will confirm the reversal bias, you may wait for a close above the line or jump now!
-Key breakout potential with tight risk and high upside reward
Fundamentals (Q2 Earnings)
-EPS Surprise: Reported -$0.27 vs Est. -$1.12 → Beat by 75.89%
-Revenue: $127.56M vs Est. $125M → Beat by $2.56M
"Big upside EPS surprise shows cost management or margin improvements, adding bullish bias"
Technical Analysis:
Demand Zone: Heavily tested, triple-tap pattern suggests absorption complete
Triple Bottom Levels:
Touches: 3 confirmations at ~$3.21
Breakout Zone: $3.60
Supply Zone Target: $5.10
📌 Trade Plan
Component Level
🎯 Entry $3.60 (Now) or wait for breakout confirmation $3.73
🛑 Stop $3.35 (just under the triple bottoms)
🎯 TP1 $3.84 (1:1 RR)
🎯 TP2 $4.09 (2:1 RR)
🎯 TP3 $4.34 (3:1 RR)
🎯 TP4 $4.59 (4:1 RR)
🎯 TP5 $4.83 (5:1 RR)
🎯 TP6 $5.08 (6:1 RR)
🎯 TP7 $5.33 (7:1 RR)
RR Ratio: Potential up to 6:1
Trade Management:
Move Stop Loss to Break Even at TP1
Trail stop up each RR level
Consider scaling out at TP3–TP5 range
Exit entirely near supply zone or at the trendline break
“The market is a device for transferring money from the impatient to the patient.” – Warren Buffett
⚠️ Disclaimer
This is not financial advice. For educational purposes only. Always do your own research and consult a licensed financial advisor. Trading involves risk.
By Dubai Traders Hub
Follow us on X , YouTube, and Join our Telegram Channel
Follow us on X , YouTube, and Join our Telegram Channel
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.
By Dubai Traders Hub
Follow us on X , YouTube, and Join our Telegram Channel
Follow us on X , YouTube, and Join our Telegram Channel
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.