Price is sitting near support after a sharp decline. Momentum is fading, but keep an eye on consolidation in this area. Quiet zone, but these patterns often trigger fast moves when a breakout happens.
Buy area: 20.70 to 20.80
Upside targets: 21.00 then 22.00
Invalidation: Drop below 20.50.
Patience is essential. Wait for strength to confirm before adding more.
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Let's have a look on $RIVER at 20.719
Price is sitting near support after a sharp decline. Momentum is fading, but keep an eye on consolidation in this area. Quiet zone, but these patterns often trigger fast moves when a breakout happens.
Buy area: 20.70 to 20.80
Upside targets: 21.00 then 22.00
Invalidation: Drop below 20.50.
Patience is essential. Wait for strength to confirm before adding more.
#RIVER #Rmj-Trades