Bullish - "Island Bottem"
This stock has been beat down this year due to declining revenue. Who cares about fundamental though?? As you can see from the chart, it has formed a very nice island bottom on the Daily, at what looks to be the end of a downtrend. I entered a long position @ $1.75 with a stop at $1.65.
Top level resistance of the island is @ $1.97. RSI is getting stronger 62, if it can break resistance and support holds at @ $2, I expect this stock to shoot up fast. 1st TP zone is $3.70, 2nd TP zone is $4.20. Easy double up 💰💰
Top level resistance of the island is @ $1.97. RSI is getting stronger 62, if it can break resistance and support holds at @ $2, I expect this stock to shoot up fast. 1st TP zone is $3.70, 2nd TP zone is $4.20. Easy double up 💰💰
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.