Just an idea, potential double bottom on .382 fib retracement.
Maybe descending triangle forming ?
Anchored VWAP from 07 low shows the lower deviation band has been an attractive buy in level.
Maybe descending triangle forming ?
Anchored VWAP from 07 low shows the lower deviation band has been an attractive buy in level.
Note
day chart shows break out of falling wedge, impressive volume ( highest since in almost two years) targeting the .236 at $15.80 and the downsloping resistance line to what appears to be a descending triangle.
200 MA daily TF at $11.62, will be interesting to see PA around this level.
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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.