MKT Reversal
The case for a bull swing reversal (1 week):
Entry
Current price: (~$74.8)
Stop
Local low (~$74.225)
Target
~MVWAP / Fib 50%
Profit
~$3 USD per share
Risk
1.2%
Risk/Reward Ratio
2.4
- RSI Low
- Yearly support level reached
- Momentum going up
- Short interest to cover in 2 days
Entry
Current price: (~$74.8)
Stop
Local low (~$74.225)
Target
~MVWAP / Fib 50%
Profit
~$3 USD per share
Risk
1.2%
Risk/Reward Ratio
2.4
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