Technical Analysis (TA)
Weekly chart is oversold with William %R and RSI showing early reversals signs.
1D chart is forming a wedge and price is squeezing before a potential reversal about $70.
Price Target
Entry: $70+ breakout out
Take Profit: $100 (+40%)
#tradeidea
Weekly chart is oversold with William %R and RSI showing early reversals signs.
1D chart is forming a wedge and price is squeezing before a potential reversal about $70.
Price Target
Entry: $70+ breakout out
Take Profit: $100 (+40%)
#tradeidea
Trade active
Trade active
Nice breakout above $70.Note
Profit taking happening at $100 (hitting my Target 1 from the call made on 2 August). With William %R and RSI entering overbought zones I expect a dip to higher low.
Support should be found at $70-$78
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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.