LONG EE

4 thg 9, 2024

EE has established an uptrend since February 2024. On the way up price action bounced multiple times off of 50 SMA. the price couldn't break above $20, failing clearly 3 times so far. Nevertheless it found support in the area that was once resistance ($17.50-18) and it seems a good area for accumulation. After the confirmation with the pin bar that the trend could be continuing short term a trade could be taken at the bottom of the range with an upside potential of 8-10%. Stop loss below the bullish pin bar and take profit just below the top of the range