AMEX:RMED   Ra Medical Systems, Inc
Down-sloping parallel channel along a horizontal resistance. Price bounced off the 0.886 fib retracement also.

Daily hidden bullish divergence on the MACD and 4hr hidden bullish divergence on the MACD and RSI .

Stop = A close below resistance

1st Target = 0.236 fib extension

2nd Target = 0.5 fib extension/ volume shelf
Comment: Failed trade

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.