Long

The US Small Cap Stocks Are Gearing Up for a Bull Run

After a sharp decline in March 2020, the index showed resilience and made a significant upward move, approaching the 3,250 level.
Following that, Russel 2000 went into a period of consolidation and traded within a narrow range.
A bullish Pole & Flag pattern was identified on the chart during this consolidation phase.
Despite breaking out of the pattern, the index faced strong resistance and subsequently declined.
After finding support around 1,650, the index consolidated around this level for an extended period.
With a recent breakout, Russel 2000 appears to be strong at the moment and preparing for the next upward movement.

🌐 naranjcapital.com
🎖️ CMT (usa) & CFTe (usa) chartered

🇺🇸 Telegram - USA Stocks Trading Advice
t.me/Naranj_USA

🇸🇦 Telegram - Saudi Stocks Trading Advice
t.me/Naranj_KSA

🤝 Contact Us
bio.link/NaranjCapital

Also on:

Related publications

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.