Over the last few days, RUNE has successfully broken out of a 1-year pennant pattern.
Currently, RUNE is trading near the first major resistance area, which is around $12 and also a recent local top. A daily close above the $12 resistance could indicate confirmation of the bullish trend.
In that case, I'm targeting $15 over the next week or so, possibly $20 if the price goes parabolic.
Happy trading!
Currently, RUNE is trading near the first major resistance area, which is around $12 and also a recent local top. A daily close above the $12 resistance could indicate confirmation of the bullish trend.
In that case, I'm targeting $15 over the next week or so, possibly $20 if the price goes parabolic.
Happy trading!
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