Same for $RADA - Nice 5 month base with price sitting at an pivotal technical level. Earnings Monday before the open.
OBV lacking price action due to multiple higher than average selling days within the base.
There is always a light at the end of the tunnel. Until we see the light, keep averaging down and wait for that day to come. From the looks of it, it is still bearish but let us not lose any hopes. There will be many more green days.
Opening the first position of #RADA second test of weakly #Chanel without volume to sale.
Value of first #investment - 1000 shares / 12.48$.
Trade without stop-loss, the next buying after 14.5$ or selling below 11.5$ depends of the situation.
Rada Electronic Industries Ltd. Operates as a defense technology company. It develops, manufactures and sells defense electronics, including avionics solutions (including avionics for unmanned aerial vehicles and airborne inertial navigation systems), airborne data/video recording and management systems and tactical land-based radars for defense forces and for...
RADA looks to be forming cup and handle pattern on daily chart. Looks to have already completed 1st and second wave in uptrend (2 of 5), which also filled a previous gap.
This stock seems to be flying under the radar ; )
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As we can see, the channel is broken, and the heavy resistance as well (look up the weekly chart for a bigger timeframe!).
I believe we have a good chance for this stock to go up and even with an SL around 1.85 and TP at round 2.86 there is a risk/reward close to 1:2
So at best, wait for the pullback, to make sure its not a false breakout.
I already went in on...