The RealReal, Inc - 150% gain waiting for collectionOn the above 2 week chart price action has corrected around 50% since May. A number of reasons now exist to consider a long position. They include:
1) Price action and RSI resistance breakouts.
2) Support confirms past resistance (blue arrows).
3) The trend, higher highs higher lows.
4) The Bull Flag, 2nd impulsive wave imminent.
Is it possible price action continues correcting? Sure.
Is it probable? No.
Ww
Type: trade
Risk: You decide
Timeframe for long: Yesterday
Return: 150%
Stop loss: Say elsewhere