🔥 ROSE Reversing As Predicted: More Downside

18 בינו׳ 2022

A few days ago I made an analysis on ROSE and the rising wedge it has been trading in. In my previous analysis I wrote that I expected ROSE to see some kind of reversal in the next few days. After making this analysis, ROSE saw another nice move up, but in the end failed to reach $0.6.

For now, I'm expecting more downside for rose. I expect the $0.4-$0.35 area to hold in the coming weeks. Would be great to see another reversal from here, likely targeting $0.6.

Happy trading!