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tradingzebras

Potential swing trade setup

Long
MEDMEN ENTERPRISES INC. CLASS B SUBORDINATE VOTING SHARES (CSE:MMEN)  
tradingzebras  
CSE:MMEN   MEDMEN ENTERPRISES INC. CLASS B SUBORDINATE VOTING SHARES
Trend Analysis
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trendanalysis
The last 2 times it reached the bottom of this channel it formed an equilibrium and then reversed directions. I expect it to first consolidate below this 12-period EMA line as it has done in the past. MACD is about to cross bullish on the 4-hour. Breaking of the RSI resistance level of 44 will help to confirm breakout.
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