IHRT Breaking Bearish Trend
Note Worthy News:
Suffered greater than expected losses but CEO Bob Pittman in earnings call said they have been seeing an increase in revenue month over month since April
Entry:
9.20-9.30
Likely a pullback to resistance level before continuing bullish trend
Technical indicators:
EMA 10 crossing EMA 50
EMA 50 still below EMA 100
RSI showing bullish signal
Solid break of resistance established in March
Suffered greater than expected losses but CEO Bob Pittman in earnings call said they have been seeing an increase in revenue month over month since April
Entry:
9.20-9.30
Likely a pullback to resistance level before continuing bullish trend
Technical indicators:
EMA 10 crossing EMA 50
EMA 50 still below EMA 100
RSI showing bullish signal
Solid break of resistance established in March
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