Long
$RMED
Updated
Down-sloping parallel channel along a horizontal resistance. Price bounced off the 0.886 fib retracement also.
Daily hidden bullish divergence on the MACD and 4hr hidden bullish divergence on the MACD and RSI.
Stop = A close below resistance
1st Target = 0.236 fib extension
2nd Target = 0.5 fib extension/volume shelf
Daily hidden bullish divergence on the MACD and 4hr hidden bullish divergence on the MACD and RSI.
Stop = A close below resistance
1st Target = 0.236 fib extension
2nd Target = 0.5 fib extension/volume shelf
Note
Failed trade
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