CareDx, Inc. - Trend reversal

On the above 2-week chart price action has corrected 95% since early 2021. A few reasons now exist to consider a long position:

1) Price action and RSI resistance breakouts.

2) Support on past resistance confirms.

3) Trend reversal. A higher high prints.

4) The wedge pattern allows for a price action forecast to 130.

Is it possible price action corrects further? Sure.
Is further correction probable? no.

Ww

Type: trade
Risk: <=6%
Timeframe for long: Sooner than late, from $9 at best.
Return: 1200%

Handel aktiv

Kommentera:

Past resistance confirms support.

Handel aktiv:

Up 90% since I wrote that above comment 9 days ago.

Support and resistance, understood by so few and Mumbo jumbo to everyone else.

Kommentera:

**Swing trade **
If you don't want to eat a 30% correction sandwich, exit. Otherwise Bon Appétit.