Probable upside move coming
Stock seems to have completed a leg of downward corrective phase at recent swing low.
Price is currently near breakout of a wedging structure which could be an additional confirmation of pause in downtrend (at least).
With momentum indicator back in buy mode along with positive divergence, stock price may move towards marked zones.
Invalidation level will be break of recent swing low.
Price is currently near breakout of a wedging structure which could be an additional confirmation of pause in downtrend (at least).
With momentum indicator back in buy mode along with positive divergence, stock price may move towards marked zones.
Invalidation level will be break of recent swing low.
Note
2nd target zone reached
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.