Today’s analysis- AKROBTC- trading above a key local S/R with a ribbon bull cross, further upside probable
AKROBTC’s immediate price action is trading at the Weekly S/R where a rejection to the Local S/R that is in confluence with the .382 Fibonacci is probable, allowing for long entries.
Both oscillators are currently trading at extended regions, a reversion to the mid-points will be reflected in price action.
Overall, in my opinion, AKROBTC is a valid long with defined risk, price action is to be used upon discretion/ management,
Hope this analysis helps
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