It can go up because:
1. The stock is in the channel. The support is around 11.65
2. Ehlers Smoothed Adaptive Momentum is in the green zone. That's mean that we have bullish momentum
3. MACD is bullish
Buy: 12.15
Stop Loss: 11.65
Target: 13.15 (2R)
if you have any questions, let me know
Thank You
An intraday high potential, Back Tested Long Analysis.
We ll try to find an entry price within the expected pull back zone 14.11 - 14.19 as previously back tested.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not...
