#RAY HTF Analysis:
$RAY on the daily chart seems to have formed a clean double bottom structure. However, the neckline for
$RAY is quite high — sitting around the 4.22$ level. I won’t consider a long position unless
$RAY cleanly breaks and holds above that neckline. Until then, it’s better to stay cautious and wait for confirmation. Let’s first see how
$RAY reacts at that neckline zone.
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