Cato - targeting .328 and 0.5 fib on the Daily
We see bullish divergence on the RSI on a daily time frame.
The stock is facing resistance at 0.238 fibo level and if it breaks through we target 11.8 as the first Target (0.382 fib) and 12.9 as the second target (.5 fibo).
The latter also nicely aligns with a test of the 100 day moving average.
What do you guys think?
The stock is facing resistance at 0.238 fibo level and if it breaks through we target 11.8 as the first Target (0.382 fib) and 12.9 as the second target (.5 fibo).
The latter also nicely aligns with a test of the 100 day moving average.
What do you guys think?
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.