RES: Long
RES is in a multi-month rising channel.
Broke a smaller falling channel after testing the multi-month rising channel.
- Also broke through 50MA
In the next few days the price will test $5.36 resistance.
The price needs to flip the $5.36 resistance to support, if failed to flip price will likely roll and retest multi-month rising channel.
- 50MA also being tested as support/resistance. Closed above 50MA, can it hold?.... TBD
Target: $7.50
Stop Loss: $4.43
Broke a smaller falling channel after testing the multi-month rising channel.
- Also broke through 50MA
In the next few days the price will test $5.36 resistance.
The price needs to flip the $5.36 resistance to support, if failed to flip price will likely roll and retest multi-month rising channel.
- 50MA also being tested as support/resistance. Closed above 50MA, can it hold?.... TBD
Target: $7.50
Stop Loss: $4.43
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