Previously, TIGR did a massive 1-2-3-4-5 wave, followed by a A-B-C correction to Fib levels. Then, a inverse H&S pattern followed by a double top caused the stock to rise and then crash to 12. This needs to get above the 200 d EMA at 16.7 to trigger a bullish reaction. Maybe after earnings?
Trade active
Amazing reaction after earnings, from a major support. High volumes during uptick to 15.6 & extreme low volume correction to 15.1. Bullish if this ends the day above the 15$ resistanceNote
Did not end Sep 10 above $15, getting beaten by 20d ema repeatedly. Might see a retest of dual 50d & 200d ema resistance and a small correction soonInvalidation: $12.2
Trade closed: stop reached
It crossed the invalidation level of 12.2
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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.