Price has bounced off of a significant resistance level (Blue Line)
I have gone long after seeing bullish divergence (Orange Lines), along with an increase in volume.
$EVH also has a high percentage of its float short at 34.20%, which has me thinking that with the recent bullish move, a large short squeeze may occur.
Price target is $18.00 for a R:R of 4.42
Went long with an entry of $16.32 after seeing a break of $16.30, Stop loss at $15.94
I have gone long after seeing bullish divergence (Orange Lines), along with an increase in volume.
$EVH also has a high percentage of its float short at 34.20%, which has me thinking that with the recent bullish move, a large short squeeze may occur.
Price target is $18.00 for a R:R of 4.42
Went long with an entry of $16.32 after seeing a break of $16.30, Stop loss at $15.94
Trade closed: target reached:
Trade Closed at $19.00 for a return of 16.42%