Technical analysis by Signal_Centre1 about Symbol SPYX: Buy recommendation (5/27/2025)

Trade Idea Type: Buy Limit Entry: 5,870 Target: 6,020 Stop Loss: 5,820 Risk/Reward Ratio: 3:1 Duration: Intraday Expires: 28/05/2025 12:00 Technical Overview Price action continues to respect the primary bullish trend with recent buying off the 78.6% Fibonacci pullback level at 5,868. A bullish engulfing candle on the 4H chart reinforces a short-term momentum shift to the upside. The 20-period 4H EMA (5,864) is rising and should provide dynamic support near the entry level. The setup favors buying dips, aiming for a move to 6,020, while keeping stops tight below key support at 5,820. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.