Looking for a break out and retest of blue trendline.
Why:
Target would be around the previous high at $40.32.
Stop loss would be below the close of today's candle.
Why:
- The past month has had above average volume on green days, and below average red days.
- EMAs starting to turn upwards
- Almost a bullish engulfing candle for today.
Target would be around the previous high at $40.32.
Stop loss would be below the close of today's candle.
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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.