RILY Update - Breakout Still Imminent! Buyers ARE in control!
Keep an eye out for a break of this magenta strong selling channel - this will be our initial indication of a retest of the top of teal tapered and that is where, if yellow and purple channels are holding price, we can see a large breakout.
Until then, there is a massive short float on this stock so we'll likely need to wait for the teal and magenta wedge for this to happen.
As always I will keep you posted with further updates as we move forward
Happy Trading :)
Until then, there is a massive short float on this stock so we'll likely need to wait for the teal and magenta wedge for this to happen.
As always I will keep you posted with further updates as we move forward
Happy Trading :)
Related publications
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.