Looking to buy a breakout above $15.45 (.618 fib level)
Why:
Stop is below 15.24 which is the .382 fib which almost lines up with the high on June 17.
Target is around $16.26 which is just under 1.618 fib level
Why:
- Uptrend
- Strong green close on Friday with high volume
- Low volume on the pull back, June 25 & June 26
Stop is below 15.24 which is the .382 fib which almost lines up with the high on June 17.
Target is around $16.26 which is just under 1.618 fib 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.