gsteiger

Ready to turn a corner?

Panjang
NASDAQ:RIOT   Riot Platforms, Inc.
After being faked out a few times on the way down (as is typical of this stock) the charts seem to be revealing a possible direction.This looks like it could very well be ready to rally. As you can see, there seems to be a pretty well defined triangle that looks to be morphing into a bullish channel. If we take a look we can see that a firm looking double bottom has developed along with a 5 to 6 month diversion between price and RSI. There is also a fledgeling MACD bull cross taking place at the same time. Not too sure about an initial target but somewhere above the the 200 ma is not out of the question IMHO. Note there are open gaps up to the $3.50 area. Good luck!
Penafian

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