Waiting for retracement on this stock. Although I don't see a lot of room for a potential retracement because of the order block to the left. However the large bullish candle - biggest bullish candle for a while, indicates a lot of upward potential. It's possible the retracement already occurred, it's not clear so as a result. If entering then I might risk less for a market entry into this trade. So far there are some good buy indicators. We have strong impulsive upward momentum and immediate retracements that led to immediate upward direction. Big bullish candle breaking daily resistance (red line), with an order block well above the resistance. Noted downward rejection to the weekly MA (purple), price at crossing point. There's relevant and current events and news to see this stock to indicate more upward motion. Right now DXY still consolidating, SPX consolidating.
This is not financial advise. This chart analysis should not to be used as signals for trade or market investments. This is an analysis of price action, there is no guarantee of my bias. Always do your own research and analysis, compare and contrast and form your own bias.
This is not financial advise. This chart analysis should not to be used as signals for trade or market investments. This is an analysis of price action, there is no guarantee of my bias. Always do your own research and analysis, compare and contrast and form your own bias.