PRO recently broke out above a multi-week downtrend, pushing through the critical $2.30–$2.35 resistance zone and briefly touching $2.50 before getting rejected. That rejection brought the stock right back to retest its breakout level, which also aligns with the 50/200 EMA cluster ($2.22–$2.24) and a rising trendline.
This area is now the make-or-break spot. If bulls can defend $2.30, the breakout setup remains intact, and we could see a second leg higher toward $2.45–$2.50, with potential extension to $2.80–$3.00 if momentum builds. On the flip side, if $2.30 fails to hold, this turns into a failed breakout (bull trap), and price likely revisits the $2.05–$2.10 zone.
Trade Plan
Bullish Scenario:
Entry: $2.30–$2.35 on confirmation of support
Stop loss: Below $2.20
Targets: $2.50 → $2.80 → $3.00
This area is now the make-or-break spot. If bulls can defend $2.30, the breakout setup remains intact, and we could see a second leg higher toward $2.45–$2.50, with potential extension to $2.80–$3.00 if momentum builds. On the flip side, if $2.30 fails to hold, this turns into a failed breakout (bull trap), and price likely revisits the $2.05–$2.10 zone.
Trade Plan
Bullish Scenario:
Entry: $2.30–$2.35 on confirmation of support
Stop loss: Below $2.20
Targets: $2.50 → $2.80 → $3.00
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.
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.