NASDAQ:RAPT   RAPT Therapeutics, Inc.
One of my followers asked about RAPT which recently had a rapid 50% decline.
The question was if there's a bounce off the bottom made on 01/21/22, where could the most likely retracement level occur.

The fixed range Volume Profile indicator shows that the strongest selling of the drop was a 24.42. This is called the Point of Control - potentially the strongest near-term resistance.

If RAPT can rally off its 1/21/22 bottom it could likely stop somewhere in the $24 area.

Major support for RAPT is in the $18 area.

Mark

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.