UnknownUnicorn11629771

RAMP - Short term upside

Long
NYSE:RAMP   LiveRamp Holdings, Inc
Potential upside momentum for NYSE:RAMP

This trade came on my radar with all the indicators align with my criteria for an entry.
However, we do have to take note of the recent sell-off that happened last week. Hence, I will monitor this trade closely with a trailing stoploss.

In recent, "Technology" sector & "Information Technology" industry has been bullish . But with the added effect of COVID vaccine early trial success, I do believe this stock will still have some room for the bull in the short term, though there was a recent sell-off.


Technical Analysis:
- Bouncing off 50EMA & currently oversold
- Abandoned Baby pattern was formed
- Prices currently resting on a support level
- MACD and Relative Strength is on a strong momentum


*Note - This will be a very closely monitored trade. If there are signs of continuous sell off with a huge volume or reversal, I will exit the trade immediately.
Trade closed: stop reached
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