STX is in a rising triangle, with $2.00 acting as the horizontal resistance level of the triangle. This is also consistent with the 200-day MA (approximately $2.10), forming a strong resistance area. We are waiting for the price to 1) break through $2.10 to signal a recovery in the rising trend, with a pump potential of +23%, targeting $2.50, or 2) pull back to the support level near $1.50 for another swing trade, with a pump potential returning to $2.00. The stop loss is $1.26. For more trading settings, please visit altFINS.
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STX is in a rising triangle, with $2.00 acting as the horizontal resistance level of the triangle. This is also consistent with the 200-day MA (approximately $2.10), forming a strong resistance area. We are waiting for the price to 1) break through $2.10 to signal a recovery in the rising trend, with a pump potential of +23%, targeting $2.50, or 2) pull back to the support level near $1.50 for another swing trade, with a pump potential returning to $2.00. The stop loss is $1.26. For more trading settings, please visit altFINS.