Use advanced tools to confirm the Rising Wedge on RAY before you trade.
Reversal pattern. Price likely to break downwards.
Bullish continuation if preceding move was up.
RAY is showing interesting structural developments at $0.78. The stock is trading at $0.78, down 1.05% on the day. Price action has carved out a classic Bullish Flag. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $0.89, targeting $1.24 with support near $0.69 (R:R 1.67).
What is your outlook on RAY?