has recently broken out of a flag position and has decreased in price. However the stock hit prior support and rose in price. The RVI is showing a flag pattern
, so we could see a short-term rise in volatility
. Also, the RSI
is has been rising for the last few days. So, I am putting my long position above the 50 ma which is providing resistance and potential support in the future. My short will be below the prior support.