RAY is showing strong upside momentum, but after a move this large I would rather see a controlled pullback than chase the expansion. The clean setup is to watch for price to consolidate around the current area and establish a higher low before another push. A hold near $2.00 would keep the short-term structure constructive.
EP
$1.99 - $2.03
TP
$2.10
$2.18
$2.28
SL
$1.92
A sustained hold above $2.00 could allow momentum to extend toward the next upside levels. A decisive break below $1.92 would weaken the setup and invalidate this structure.
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