CareDx, Inc. - Trend reversalOn the above 2-week chart price action has corrected 95% since early 2021. A few reasons now exist to consider a long position:
1) Price action and RSI resistance breakouts.
2) Support on past resistance confirms.
3) Trend reversal. A higher high prints.
4) The wedge pattern allows for a price action forecast to 130.
Is it possible price action corrects further? Sure.
Is further correction probable? no.
Ww
Type: trade
Risk: <=6%
Timeframe for long: Sooner than late, from $9 at best.
Return: 1200%