Great Risk:Reward ratio for this stock of 1:3.81.
Multiple factors pinpoint to a high probability of a spike up:
-Stock broke the downtrend with a large spike up, with a pullback being a great opportunity to enter long.
-MTP EMA is showing a correct position (ROYGB)
-Volatility Squeeze is showing a compression. That compression is also strengthening (Going from orange dots to red dots)
-Ultimate Strength Index is showing strength, being in correct position (ROYGB), and rising overall.
Multiple factors pinpoint to a high probability of a spike up:
-Stock broke the downtrend with a large spike up, with a pullback being a great opportunity to enter long.
-MTP EMA is showing a correct position (ROYGB)
-Volatility Squeeze is showing a compression. That compression is also strengthening (Going from orange dots to red dots)
-Ultimate Strength Index is showing strength, being in correct position (ROYGB), and rising overall.
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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.
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.