Price sitting at the confluence of 200 DMA and 60 VMA. If it continues to build above, likely tests the upper range of this channel and set up nicely for a breakout.
Upside targets: 41, 47, 54
Bear case: loss of 200 DMA could bring this down to the bottom of the channel to around 31.
Disclosure: no position yet.
Trade active
Playing out perfectly. Now should see another pullback at 38 and pivot there for higher move to 40. Support now 37.5 (Buy here)
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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.