SLQT Bullish Pennant
SLQT appears to be forming a bullish pennant near resistance which also coincides with the 1.618 fibonacci level.
The pennant is forming with increasing volume with the ADX signalling a strong trend with a value of 38. OBV confirms the uptrend.
Targeting the length of the "flag pole" from the breakout point for target 1 with target 2 at the gap fill level.
Target 1: $5.06
Target 2: $6.31
Stop: $3.46
The pennant is forming with increasing volume with the ADX signalling a strong trend with a value of 38. OBV confirms the uptrend.
Targeting the length of the "flag pole" from the breakout point for target 1 with target 2 at the gap fill level.
Target 1: $5.06
Target 2: $6.31
Stop: $3.46
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.