Short
Big rectangle Rose Garden or Bear Flag?
ROSE is lower after earnings. Looking at the weekly chart it is range bound in this big rectangle. 16$ is support from lows in late January and mid March. 16$ can be a short targets because of it's snap back rallies to the top of the range. The top is only two weekly bars from the January low and it was above 25$The breakdown below 32$ in November of last year makes it look like a pole on a bear flag. Or a range bound rectangle rose garden. Or bear's big brown foot. Perspective is in the eye of the beholder.
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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.