Tiger Brokers (TIGR) Poised for Bullish Momentum with Gap-Up Open
Breaking Above the Mid Bollinger Band: A Bullish Signal 📈
Tiger Brokers (TIGR) is showing strong bullish potential as it prepares for a gap-up open at $6.91, surpassing the mid Bollinger Band ($6.97) from below. This price movement indicates a reversal from a lower band squeeze, signaling a shift in market sentiment toward the upside. The Bollinger Bands, a powerful volatility indicator, suggest that TIGR is transitioning from an oversold condition into a potential uptrend. A sustained move above the mid-band often leads to a retest of the upper Bollinger Band ($7.90), which would be a significant upside target for bullish traders.
Gap-Up Open: The Bullish “Rising Window” Pattern 🚀
The pre-market price action indicates a gap-up open, forming a classic “Rising Window” candlestick pattern. This pattern, often seen during bullish breakouts, occurs when a stock opens above the previous session’s high, leaving an unfilled gap. It represents strong buying pressure and potential institutional accumulation, reinforcing the likelihood of continued upward momentum.
MACD Shows Bullish Divergence 🟢
Although the MACD line (-0.1943) is still below the signal line, the histogram shows signs of waning bearish momentum, hinting at a potential crossover. If the DIF line (0.0860) crosses above the DEA line (0.1832), it could confirm a bullish divergence, further supporting the breakout case.
Potential Price Targets and Trading Strategy 🎯
If TIGR holds above $6.97 and confirms strength, the next resistance levels to watch are $7.50 and $7.90 (upper Bollinger Band). A breakout above these levels could push the stock toward the previous high of $8.49. Traders should monitor volume on the breakout—high volume confirmation would solidify the bullish trend.
With technical indicators aligning, TIGR is setting up for a strong bullish run—watch for a sustained breakout above $7.00 for confirmation!
Thanks for support
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