【See the rise】
RAY is currently priced at 2.260, up 12.34% over the past 24 hours. The 7-day gain is 37.65%. Intraday range: 2.002–2.356. Volatility: 17.7%.
【Market view】
Family members, when I woke up from a sleep, RAY was up another 12.34%.
I opened a position and then, by impulse, closed it—only to look back and realize I missed the run again.
This pullback in RAY is clearly resilient; in the short term, its strength ranks among the top in the market.
As long as 2.002 holds and isn’t lost, the current correction counts as a strong consolidation.
At the same time, the broader market is only up +0.85%. RAY’s +12.34% means it has secured an extra level of returns.
In the near term, the bias remains bullish.
【Bullish reasons】
With this kind of setup, the bold win big, while the timid get scared.
The 7-day upside of 37.65% has already been priced in. The rally behind it has weekly-level support.
When it retraces, there’s follow-through; when it pushes higher, volume comes in. This rhythm is more sustainable than a one-way surge.
Good morning, genius traders.
Be mindful: if the broader market turns and pulls back, the high-level lots in RAY could loosen at any time.
Hold above 2.002 and the next target is 2.356. If it breaks below 2.002, it means the structure has turned bad.
$RAY #RAY