Stock was uptrend from 58 to 244.
Then retraced 61.8% of the move.
Wedge with double bottom
Second bottom lower than first low
Oscillator 5,35 green
CCI green
Stochastic black bar on top
Broke and retraced.
Taking support in 9-week MA last few days
Generally, when stock retraces to 61.8% i see double top possible.
In current market conditions I will keep SL as lose below 21 ema
Then retraced 61.8% of the move.
Wedge with double bottom
Second bottom lower than first low
Oscillator 5,35 green
CCI green
Stochastic black bar on top
Broke and retraced.
Taking support in 9-week MA last few days
Generally, when stock retraces to 61.8% i see double top possible.
In current market conditions I will keep SL as lose below 21 ema