This looks like a low risk setup and entry point for a long position after making a double bottom at the $7.90 level. The most recent candle tested the .61 fibonacci level and closed just under it. It also tested the longer term support/resistance level of $8.58.
After consolidating in the $8 range for about a month this looks like it's ready to start advancing upward.
targeting: $8.97, $9.67, $10.80
After consolidating in the $8 range for about a month this looks like it's ready to start advancing upward.
targeting: $8.97, $9.67, $10.80
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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.