Red Cat Holdings Inc (RCAT)

RCAT witnessed a sharp rebound after forming a higher low at 7.76$, to violate the resistance level at 11.33, and remaining above this level, will push the stock to test the last peak 12.57, which is the level that needs to be violated to confirm the major uptrend, triggering further rises near $13.90, $15, $16.20, and $17 in the short term.

The stop-loss lies below 10$.

the indicators are heading toward the positive side, which confirms the mentioned positive scenario.

Disclaimer: This analysis is for informational purposes only and does not constitute financial, investment, or commercial advice or recommendations.