Jul. 22 at 4:07 AM
$BLZE Backblaze stock, nice trend with a pullback to 13.26 support area and good trade quality at https://stockconsultant.com/?BLZE
Long Trade
TARGET 1
Price: 16.66 Profit: 23.6% (Typical rally)
Stop/Trailing Stop: 12.74 Loss: 5.5%
P/L Ratio: 4.3 : 1 - Excellent
TARGET 2
Price: 17.52 Profit: 30% P/L Ratio: 5.5 : 1 - Excellent (Extreme rally)
BULLISH
[Positioning] Short term typical pullback, pullback may start to slow.
[Positioning] at support
[Timing] Mild bullish 3 day candlestick pattern with Strong 3 day accumulation.
BEARISH
[Positioning] Strong Up trend (1 month), not sustainable, occurs only 15% of the time, expect trend to turn sideways or lower.
[Positioning] Intermediate trend bearish, Unsustainable uptrend, may turn sideways.
[Timing] breakdown watch below 12.68, no support in area just below.
