Looking to buy after a breakout and retest above $27 resistance or a pullback to close the $24.82 gap.
Why $27 breakout:
Why $24.82-$25:
Why $27 breakout:
- Price above all EMAs and all are slanted upwards
- $27 (technically $26.91) acted as resistance on June 11. It also lines up with 1.618 fib level. If price breaks above this level with volume it could continue to run.
Why $24.82-$25:
- Gap fill
- Gap lines up with 20 EMA
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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.