If we get continuation and price pushes through $15.39 and holds above it, things get interesting - there’s a big price gap up to around $19.93, and that gap-fill alone could offer a straightforward 22–25% upside from there.
On the downside, I’m keeping an eye on key supports at $12.06 (volume shelf area) and then $11.05, which lines up with the 50-day SMA. Entries around current levels or near those supports still look decent risk/reward-wise. But if we see a daily close below $11.05, that would invalidate the setup for me.
From a technical indicator standpoint, the MACD is shaping up for a potential bullish crossover, which adds weight to the bullish thesis.
Overall, I like this setup - but I want to see $13.6 flip into solid support before getting too aggressive.
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Enjoying this free analysis? You can find more free content on my X profile
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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.