🔎 Key Observations:
🚨 Trading Plan:
⚠️ Wait for a Strong Close Above the 200-Day MA 📈
📊 Volume Confirmation Needed: A breakout should be accompanied by higher-than-average volume to confirm strength.
📌 Final Thoughts:
The structure remains bullish, but a clear 200 MA breakout is the key trigger. Patience is key! 🔥
What’s your take? Will it break through or retrace further? Comment below! 👇📊🔥
- Base Breakout on Decent Volume – Price successfully broke out of a long accumulation phase.
- 200-Day MA Rejection – Faced resistance at the critical moving average, leading to a pullback.
- Retesting the Base – The stock is currently stabilizing after the rejection.
🚨 Trading Plan:
⚠️ Wait for a Strong Close Above the 200-Day MA 📈
📊 Volume Confirmation Needed: A breakout should be accompanied by higher-than-average volume to confirm strength.
📌 Final Thoughts:
The structure remains bullish, but a clear 200 MA breakout is the key trigger. Patience is key! 🔥
What’s your take? Will it break through or retrace further? Comment below! 👇📊🔥
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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.