Broke out of the wedge last week and made a solid move up. Next stop looks like $48 (50D SMA).
If that level flips into support, I’m looking at $56.8 in the coming month or two - mainly because of the big price/volume gap left after earnings and the wedge target lining up around the same zone.
A close below $40.52 would kill this setup.
NFA.
If that level flips into support, I’m looking at $56.8 in the coming month or two - mainly because of the big price/volume gap left after earnings and the wedge target lining up around the same zone.
A close below $40.52 would kill this setup.
NFA.
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Enjoying this free analysis? You can find more free content on my X profile
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x.com/zedryaz
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.