$PROM Coiling for Breakout – $9.50 in Sight?
PROM is consolidating near recent highs after a strong vertical rally. Holding above the $8.80 support zone with decent volume – a move above $9.00 could launch the next leg up.
Key Levels to Watch
• Breakout Zone: $9.00
• Support Zone: $8.50 – $8.80
• Volume: Steady with healthy accumulation
Trade Setup
Bullish Bias
• Entry: $8.90 – $9.00
• Target 1: $9.40
• Target 2: $9.85
• Stop Loss: $8.60
Bearish Rejection
• Entry: Below $8.50
• Target 1: $8.10
• Target 2: $7.60
• Stop Loss: $8.95
PROM is showing strength above breakout structure and looks ready to test psychological $9+. If volume spikes and bulls hold $8.80, continuation is likely. But any slip below $8.50 could drag it back into range.
