Lots of support underneath. Good sentiment with the big bull hammer. Let's see what happens!!
NASDAQ:ROIV is trading near all time highs, and I just don’t see any good investment opportunity here. However, I do like that there is a nice trading range between the red and green trendlines with 20% swings. I would definitely trade these swings, it looks like there was a recent opportunity that was missed. But I’ll track ROIV to look for the next setup.
It's really hard to say what's going to be. But I can say, this momentum is very important, and in the next days will form a new direction. The uncertainty of the situation is big. There is a bullish trend, and the RSI signs the break of the bearish trend. But something's not right, maybe the 12.00 tops, or the temptation of the 8.30 level. Stay informed, and...
Roivant Scientes, on the 15 minute chart is experiencing increase volatility and volume now two days out from its earnings report. The MACD with zero lag shows a bullish inflection in the lines On the daily chart, ROIV gained 38% in 2023 but has been down 4 %YTD. The volume and volatility show both are heightened in the pre-earnings run- up. The last report...
Yesterday was an inside day . Nice inverse head & shoulders and currently back-testing the break-out. Implied PT: $10.6 Looking for a big bounce from these levels and much more upside on this name.
I like the volume and formation. Great RR setup with green profit zone divided in 3 targets to raise stops or take profits. Stock position.
I like the OBV holding up and the bullish break from the triangle. Easy 1:5 RR entry on this hourly chart pullback. Will raise stop along the way.