Weekly chart,
I see a pre-formation of a widening rising wedge pattern, and the stock
RAYA is preparing to go on a bullish movement towards the upper line R
There is a very strong resistance level at 3.00, then resistance levels at 3.60 and 3.74
(At each resistance level, be careful with your profits!)
The technical confirmation is closing 2 weeks above 2.45 for a new entry (buy)
Long Term Targets 4.00, 4.30, 4.50, 5.00, 5.30
Note: Stop Loss should be considered below 2.30 - 2.27
I see a pre-formation of a widening rising wedge pattern, and the stock
RAYA is preparing to go on a bullish movement towards the upper line RThere is a very strong resistance level at 3.00, then resistance levels at 3.60 and 3.74
(At each resistance level, be careful with your profits!)
The technical confirmation is closing 2 weeks above 2.45 for a new entry (buy)
Long Term Targets 4.00, 4.30, 4.50, 5.00, 5.30
Note: Stop Loss should be considered below 2.30 - 2.27
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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.
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.