FORM: Potential Bullish Continuation
FORM has recently broken a local downtrend, rallying from $2.60 to $2.84, and is now consolidating just below its 24-hour high, forming a bullish flag pattern on the 1-hour chart. This healthy pullback, supported by decent volume and a strong 7-day trend (+10.20%), suggests potential for further upside. Confirmation with increased volume and a candle breakout above $2.85 would strengthen the bullish outlook.
Trade Setup
For a long position, consider an entry range between $2.82 and $2.83.
* Take Profit Targets: $2.95, $3.10, and $3.28.
* Stop Loss: Place at $2.74 to manage risk effectively
