$RAY – ATTEMPTING A RECOVERY, BREAKOUT IN SIGHT?
REBOUNDED FROM $3.05 SUPPORT
CONSOLIDATING BELOW KEY RESISTANCE
$RAY is stabilizing after a steep decline, bouncing off the $3.05 support and currently hovering near $3.11. A sustained push above $3.15 could confirm a short-term bullish reversal, opening room for further upside. However, failure to reclaim that level may invite renewed selling pressure toward the recent lows. Volume confirmation remains critical.
Trade Setup:
Entry: $3.11 – $3.13
Stop Loss: $3.04
Targets: $3.19 / $3.26 / $3.33
Cautious optimism here — breakout potential depends on follow-through and rising demand.