This has been beat down. Riskier play but has a pattern building.
Looks like a potential flat top which can be veiwed as a bullish pattern
Support is only about 8.40ish area while reistance is 10$. There is a range to play here and also if you have some patience you can start building a starter postion here
If we lost 7.40-745 area then I’d cut it for now and move on but I think this could be building for a move up towards key reistance at least 10$ but could go to11.50-12$ for an conservative target
Great chart!! nice approach towards longs, thanks for sharing
Erictaylor
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@AMIT-RAJAN yes we’ll see I got a few late runners. Dabbled in PENN SOFI PLTR and QS. All tighter stops so I’m not getting stuck in anything but so far entries have been on break outs or solid 50% pull backs of decent moves. Trying to keep nice safe entries I can ride longs on for a bit