Stock came from $26.33 to $71.80 for one year. Then agressively sold off from high. Pretty deep pullback to $46 which we can measure with fib levels - 61,8% is support - the last chance for bulls to prove that it is not reversal.
I was on it since Reversal on 15 of May (check my thoughts in the link below). Since then, it had nice move through resistance $55-$56 right to $64.61 from where it had 4 days of selloff. It found bottom and formed support on previous resistance around $55.00-$55.60 (previous resistance). I like the way how buyers regrouped and with yesterdays candle it broke up consolidation with close near intraday high.
So, buyers should hold above $58 to keep active traders attention, then we can see some follow through to the top of this . It has some room to $64 and with well-defined risk below $55.60, it makes this trade attractive from Risk/Reward point of view with high probability of winning, as this market stays (active, intermidiate and macro trends are still intact).
We have on July 30 after market close.
оценка настроений рынка, сценарии и торговые планы. https://t.me/berg_stocks