Remark Holdings technical analysis. Possible bullish scenario.
Hello all, welcome to my first time publishing an analysis of a stock chart. I began trading with stocks, and this one specifically I have held for about a year. I have dedicated most of my attention into trading cryptocurrencies, but I still hold this stock. I hope this information can be of good use to you.
We have MACD RISING TO THE ZERO LINE(with plenty of growth room) , IF WE GO ABOVE, WE ARE BULLISH AF.
A breakout above the downtrend channel (YELLOW trend line ) is already happening. This is a very bullish indication.
We also a small wedge pattern forming, and a breakout from this wedge is also eminent.
A rise in volume would bring this price up nicely. I have my target set for the 23.6% retrace, or $7.69. For a nice 20% gain. I would start taking profits at 10 % gain. I would also set my stop loss at -15%, in case of a bearish breakdown below the wedge, and back into the downtrend channel. Please allow at least 10 days for this trade to develop. Patience is key here Thank you all for reading.
**This is not financial advice or recommendation to buy/sell MARK.**
We have MACD RISING TO THE ZERO LINE(with plenty of growth room) , IF WE GO ABOVE, WE ARE BULLISH AF.
A breakout above the downtrend channel (YELLOW trend line ) is already happening. This is a very bullish indication.
We also a small wedge pattern forming, and a breakout from this wedge is also eminent.
A rise in volume would bring this price up nicely. I have my target set for the 23.6% retrace, or $7.69. For a nice 20% gain. I would start taking profits at 10 % gain. I would also set my stop loss at -15%, in case of a bearish breakdown below the wedge, and back into the downtrend channel. Please allow at least 10 days for this trade to develop. Patience is key here Thank you all for reading.
**This is not financial advice or recommendation to buy/sell MARK.**
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