The past week, $AI has been consolidating below the 50 moving average, trading sideways until reaching the descending resistance trend line. In the meantime, putting 2 higher lows, forming an ascending support line.
If this week it breakout above 50 MA, it’s a buy for me.
Entry at $52.41
Target 1R $60
Stop loss $46.44
If this week it breakout above 50 MA, it’s a buy for me.
Entry at $52.41
Target 1R $60
Stop loss $46.44
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💻 Read the blog: day-trading-that-works.com