On the chart, we can see a falling wedge.
Breakout has already happened, so we will enter a long position.
RSI is showing bullish divergence, and therefore we have confirmed a long position
The target will give a ROI of 14%
Good luck!
The chart shows an upward trend creating an upward channel, which at the time is at the bottom of the channel. By creating this channel you are able to see where the price is bouncing off of.
This is a breakout after a slight pullback on the original attempt. Looking for a long entry at the new daily high. Support level seems to be around $41.00 and would be best location for a stop loss in risk management.
