The case for a bull swing reversal (1 week):
Entry
Current price: (~$74.8)
Stop
Local low (~$74.225)
Target
~MVWAP / Fib 50%
Profit
~$3 USD per share
Risk
1.2%
Risk/Reward Ratio
2.4
- RSI Low
- Yearly support level reached
- Momentum going up
- Short interest to cover in 2 days
Entry
Current price: (~$74.8)
Stop
Local low (~$74.225)
Target
~MVWAP / Fib 50%
Profit
~$3 USD per share
Risk
1.2%
Risk/Reward Ratio
2.4
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.
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.