Can history repeat itself?
We may be near the end of an accumulation phase: the RSI indicates a bullish divergence, while the stock has been consolidating for some weeks and is about to break out.
I believe that this could be, once again, a good trading opportunity. If the breakout happens with volume, I can see the stock in the high 20s range.
Personally I wouldn't risk more than 1% of my total capital on this trade. The risk/reward ratio is definitely there.
Disclaimer: this is not financial advice, I am an amateur trader, trade at your own risk.
I believe that this could be, once again, a good trading opportunity. If the breakout happens with volume, I can see the stock in the high 20s range.
Personally I wouldn't risk more than 1% of my total capital on this trade. The risk/reward ratio is definitely there.
Disclaimer: this is not financial advice, I am an amateur trader, trade at your own risk.
Disclaimer
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