This stock looks like it could break either way depending on the broader market. It has a high positive correlation to the IWM so I will be watching to see how IWM holds up to determine which way I want to go with this.
I'd like to see it break the .23 fibonacci level to take it long for a swing up the fibonacci scale with a final target of 38.50.
If the broader markets are negative in the next few days it will likely retest the lows in the $13 range.
I'd like to see it break the .23 fibonacci level to take it long for a swing up the fibonacci scale with a final target of 38.50.
If the broader markets are negative in the next few days it will likely retest the lows in the $13 range.
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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.