SZL - Is it time to get Bullish?

8 בספט׳ 2021

SZL may be giving another buying opportunity as it has bounced off for the 3rd time off its trendline. Currently it lacks momentum, but if price picks up or even consolidates at the current levels above the $6.30 zone, then we might see momentum picking up. For this scenario, the low must hold, and it could target the next Resistance level of $8.40 (potential 25% gain). Lets see how it develops in the next sessions.

Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.