A while ago I made an analysis where I discussed the ascending wedge pattern of ROSE. In that analysis I wrote that I was expecting ROSE to fall, potentially towards the bottom support of the chart pattern.
Since we've seen some massive bearish pressure over the last couple of days, we're actually quite close to the wedge's support area, see the yellow area. There might be more bearish pressure in the short-term, but I'm expecting ROSE to encounter some serious buying pressure in the yellow area. Keep an eye out for a potential reversal.
Happy trading!
Since we've seen some massive bearish pressure over the last couple of days, we're actually quite close to the wedge's support area, see the yellow area. There might be more bearish pressure in the short-term, but I'm expecting ROSE to encounter some serious buying pressure in the yellow area. Keep an eye out for a potential reversal.
Happy trading!
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