1/21/25 - RIGL: new BUY mechanical trading signal.

1/21/25 - RIGL: new BUY signal chosen by a rules based, mechanical trading system.

RIGL - BUY
Stop Loss @ 16.25
Entry BUY @ 21.81
Target Profit @ 27.80


Analysis:

Higher timeframe: Prices have stayed above the lower channel line of the ATR (Average True Range) Keltner Channel and reversed.

Higher timeframe: Victor Sperandeo's (Trader Vic) classic 1-2-3 BUY pattern...where the current lowest bottom breakout price is greater than the preceding bottom price.

Higher timeframe: Price peaked below the ATR (Average True Range) breakout low and then reversed.