I know a lot of people on this name. In a descending triangle and 63% of the time that a price rises up into this pattern, the price break above this pattern. So odds here, 63% on a break above. The implied move on this break above would be 9.48pts. Support lines in green.
I want to see the blue downtrend line break with a daily candle close and the candle get above the red bollinger band. This is not something SOS has been able to do in quite some time as you can see the red Bollinger band has rejected it multiple times. This will allow you the best low risk, high reward set-up. GL
I want to see the blue downtrend line break with a daily candle close and the candle get above the red bollinger band. This is not something SOS has been able to do in quite some time as you can see the red Bollinger band has rejected it multiple times. This will allow you the best low risk, high reward set-up. GL
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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.