Long
Cup and Handle + Tight Wedge = Ready for takeoff
Looks like this is a potential cup and handle formation with a nice tight wedge forming. The 13% short float could potentially add some fuel to the fire if this gets going.
It could also potentially breakdown and find support at the 200 EMA.
PT: $32 min.
It could also potentially breakdown and find support at the 200 EMA.
PT: $32 min.
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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.