PRO recently broke out above a multi-week downtrend, pushing through the critical $2.30–$2.35 resistance zone and briefly touching $2.50 before getting rejected. That rejection brought the stock right back to retest its breakout level, which also aligns with the 50/200 EMA cluster ($2.22–$2.24) and a rising trendline.
This area is now the make-or-break spot. If bulls can defend $2.30, the breakout setup remains intact, and we could see a second leg higher toward $2.45–$2.50, with potential extension to $2.80–$3.00 if momentum builds. On the flip side, if $2.30 fails to hold, this turns into a failed breakout (bull trap), and price likely revisits the $2.05–$2.10 zone.
Trade Plan
Bullish Scenario:
Entry: $2.30–$2.35 on confirmation of support
Stop loss: Below $2.20
Targets: $2.50 → $2.80 → $3.00
This area is now the make-or-break spot. If bulls can defend $2.30, the breakout setup remains intact, and we could see a second leg higher toward $2.45–$2.50, with potential extension to $2.80–$3.00 if momentum builds. On the flip side, if $2.30 fails to hold, this turns into a failed breakout (bull trap), and price likely revisits the $2.05–$2.10 zone.
Trade Plan
Bullish Scenario:
Entry: $2.30–$2.35 on confirmation of support
Stop loss: Below $2.20
Targets: $2.50 → $2.80 → $3.00
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.