$MREO Short trade Long

Mereo BioPharma Group plcNASDAQ

Description

⋅ Feb 22, 2021 7:47 AM

Caught this one on Friday. Looks like a decent setup to pull back and add for a final wave 5 on the hourly. If the pullback is accomplished, then equal legs target will be around 5 dollar range. If 3.88 fails, then this setup is invalidated.

Trend Analysis