1. Downward trend has ended. SRPT seems to be building a upward trend.
2. Stochastic RSI was at oversold area few days ago and it is crossing up to purple zone. It confirms the demand.
3. CCI is showing similar behavior, few days ago was oversold and confirms demand.
4. SRPT just hit support at $28-$30 and it is channeling up if you look at the lines I drew.
5. MACD blue line is not even crossing orange line yet. Once cross there will be a hUGE price surge. You can buy now and sell it high at intraday right when blue crosses orange line and make money off those traders who use MACD indicators!
I will let you put the price to sell but right now the setup looks very good.
You might think same can be said on May 15 and it failed hard. However on May 15, SRPT lacked the confirmation from CCI and the support/resistance line.
2. Stochastic RSI was at oversold area few days ago and it is crossing up to purple zone. It confirms the demand.
3. CCI is showing similar behavior, few days ago was oversold and confirms demand.
4. SRPT just hit support at $28-$30 and it is channeling up if you look at the lines I drew.
5. MACD blue line is not even crossing orange line yet. Once cross there will be a hUGE price surge. You can buy now and sell it high at intraday right when blue crosses orange line and make money off those traders who use MACD indicators!
I will let you put the price to sell but right now the setup looks very good.
You might think same can be said on May 15 and it failed hard. However on May 15, SRPT lacked the confirmation from CCI and the support/resistance line.