🔥 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!