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Swing Trading -- $URG = Cup and Handle Breakout
URG
, 240
Long
URG: Swing Trading -- $URG = Cup and Handle Breakout

RSI going a bit into the overbought area but the very high buy volume, and the strong resistance at 1.25 being broken can be used as a reason to disregard slightly the RSI oversold level. Bounced off of the resistance on the hourly candles which confirms this as a resistance (now a support). Placing my PE over the days high and placed the stop loss under the 1.25...

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