Why I’m Watching the Long Side:
✅ Clean Bounce from $190 Zone
That \$190–195 level has held multiple times since April. Last two dips got scooped with solid demand = solid base forming.
✅ Break of Recent Lower Highs
Stock finally pushed through prior resistance around $205–208. Structure shift. Possible start of a trend reversal.
✅ Buy Signal Triggered (Green "4")
Chart printed a buy signal near lows with follow-through = momentum may be shifting.
✅ Holding Above Short-Term Moving Level
Price is now holding above the short-term EMA (teal line), showing trend momentum flipping bullish.
✅ Vol Picking Up
Volume on the green days has increased, signaling interest from bigger players.
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Trade Plan:
• Entry Zone: \$208–211
• TP1: $220 (near previous supply)
• TP2: $230 (gap fill zone)
• TP3: $250
• SL: Just below $204 = exit
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⚠️ Caution:
Still under red resistance band ($220). Needs real strength to reclaim it.
Watch how price reacts there – could stall or squeeze.
📅 Next earnings 3 weeks out. Could build up into it.
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💬 Setup looks constructive. Playing the reversal with tight risk. Not chasing, just reacting. Trade your plan.
✅ Clean Bounce from $190 Zone
That \$190–195 level has held multiple times since April. Last two dips got scooped with solid demand = solid base forming.
✅ Break of Recent Lower Highs
Stock finally pushed through prior resistance around $205–208. Structure shift. Possible start of a trend reversal.
✅ Buy Signal Triggered (Green "4")
Chart printed a buy signal near lows with follow-through = momentum may be shifting.
✅ Holding Above Short-Term Moving Level
Price is now holding above the short-term EMA (teal line), showing trend momentum flipping bullish.
✅ Vol Picking Up
Volume on the green days has increased, signaling interest from bigger players.
---
Trade Plan:
• Entry Zone: \$208–211
• TP1: $220 (near previous supply)
• TP2: $230 (gap fill zone)
• TP3: $250
• SL: Just below $204 = exit
---
⚠️ Caution:
Still under red resistance band ($220). Needs real strength to reclaim it.
Watch how price reacts there – could stall or squeeze.
📅 Next earnings 3 weeks out. Could build up into it.
---
💬 Setup looks constructive. Playing the reversal with tight risk. Not chasing, just reacting. Trade your plan.
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.