🔥 ROSE Successful Reversal: Pennant Break Out
Three days ago I made an analysis on ROSE and the potential incoming reversal from the pennant's bottom support.
As anticipated, ROSE saw a nice ~18% move towards the first target. Congratulations if you took the trade.
With the market showing some minor weakness at the moment, we might face some further bearish movement. The $0.2 resistance is still holding and might pose some difficulty to get through later.
However, I'm expecting ROSE to continue the bullish move fairly soon. First target at $0.22. In case of a prolonged move in the coming week, I'd be looking at $0.25 for a potential exit.
Happy trading!
As anticipated, ROSE saw a nice ~18% move towards the first target. Congratulations if you took the trade.
With the market showing some minor weakness at the moment, we might face some further bearish movement. The $0.2 resistance is still holding and might pose some difficulty to get through later.
However, I'm expecting ROSE to continue the bullish move fairly soon. First target at $0.22. In case of a prolonged move in the coming week, I'd be looking at $0.25 for a potential exit.
Happy trading!
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