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$RE $RE BULLISH BREAKOUT PUTS BUYERS BACK IN CONTROL
RE has broken out from the long-standing downtrend and reclaimed an important support area, indicating that bearish momentum is weakening. The latest impulsive move confirms strong buying interest, while the current price is trying to build a higher-low structure above the breakout area.
If buyers manage to hold this area, RE can continue moving towards the next major resistance level. Momentum is clearly improving, and the latest breakout may mark the beginning of a broader recovery if volume remains strong.
Trade Setup
Entry: $0.73-$0.76
Stop Loss: $0.58
TP1: $0.85
TP2: $0.96
TP3: $1.10