#Ray is setting up an interesting move.
$RAY is currently trading around $2.19 on the 15M chart after reclaiming the $2.10 area and pushing back toward the recent highs.
I’m watching the $2.10–$2.13 support zone closely. If price pulls back into this area and holds, the chart could set up for another move higher toward $2.25, with the next target around $2.30.
The important part is not to chase the current move. I’d rather see RAY revisit the marked zone, show a reaction, and then look for continuation.
As long as the $2.10 area holds, the short-term structure remains interesting. Lose that zone, and I’d reassess the setup.
$RAY is currently trading around $2.19 on the 15M chart after reclaiming the $2.10 area and pushing back toward the recent highs.
I’m watching the $2.10–$2.13 support zone closely. If price pulls back into this area and holds, the chart could set up for another move higher toward $2.25, with the next target around $2.30.
The important part is not to chase the current move. I’d rather see RAY revisit the marked zone, show a reaction, and then look for continuation.
As long as the $2.10 area holds, the short-term structure remains interesting. Lose that zone, and I’d reassess the setup.
