N wave with E, N & NT projection.
The stock has recently broken above a significant downtrend line, signaling a potential trend reversal from a prolonged downtrend.
It also recently moved above the Kumo, confirming bullish momentum.
Pullback after the wave B peak around 0.32, currently consolidating near the Kumo top with support around 0.28-0.29.
Price above cloud - a bullish signal.
Tenkan-sen above Kijun-sen - short-to-mid-term bullish.
Kumo ahead is thin, indicating little resistance on the upside.
Enter near current price or on a slight pullback to support near 0.28-0.29, which aligns with the Kumo top and recent consolidation.
Stop loss below the Kumo (~0.265) protects against a reversal.
Ride the uptrend to target zones, ideally scaling out partial profits at each projection level to lock gains.
The volume breakout in early May confirms strength – a good sign for sustained movement.
Note:
1. Analysis for education purposes only.
2. Trade at your own risk.
The stock has recently broken above a significant downtrend line, signaling a potential trend reversal from a prolonged downtrend.
It also recently moved above the Kumo, confirming bullish momentum.
Pullback after the wave B peak around 0.32, currently consolidating near the Kumo top with support around 0.28-0.29.
Price above cloud - a bullish signal.
Tenkan-sen above Kijun-sen - short-to-mid-term bullish.
Kumo ahead is thin, indicating little resistance on the upside.
Enter near current price or on a slight pullback to support near 0.28-0.29, which aligns with the Kumo top and recent consolidation.
Stop loss below the Kumo (~0.265) protects against a reversal.
Ride the uptrend to target zones, ideally scaling out partial profits at each projection level to lock gains.
The volume breakout in early May confirms strength – a good sign for sustained movement.
Note:
1. Analysis for education purposes only.
2. Trade at your own risk.
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.
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.