ROSSARI: Turn Bullish at Breakout of 835
Rossari BioTech has a bullish setup developing on the weekly chart.
If stock moves above 835, anticipate first target to be 1069 (i.e. 28% upside), second target to be 1156 (i.e. 38% upside). Entry at breakout of 835.
Three Reasons to be bullish:
- MACD has been showing momentum build-up
- Price is staying within the channel
- Waiting for third one to occur, which happens at break of the blue line on the upside.
If stock moves above 835, anticipate first target to be 1069 (i.e. 28% upside), second target to be 1156 (i.e. 38% upside). Entry at breakout of 835.
Three Reasons to be bullish:
- MACD has been showing momentum build-up
- Price is staying within the channel
- Waiting for third one to occur, which happens at break of the blue line on the upside.
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