Nice structure being put in at the lows with Sundance Energy Inc, a 13M energy micro cap.
Technical reasons for the trade:
→ Support formed at range low
→ Very nice OBV - buyers happy to step in
→ Price gaps above on the 1D and 1W
→ Double bottom Market structure
→ W in RSI
Good luck!
Hit the LIKE button if you find my analysis valuable and want to support me. Follow to make sure you don't miss any future trade ideas.
Technical reasons for the trade:
→ Support formed at range low
→ Very nice OBV - buyers happy to step in
→ Price gaps above on the 1D and 1W
→ Double bottom Market structure
→ W in RSI
Good luck!
Hit the LIKE button if you find my analysis valuable and want to support me. Follow to make sure you don't miss any future trade ideas.
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Weekly chart
