Notes:
* Strong up trend on higher time frames
* Excellent earnings track record
* Basing for the past ~10 months
* Forming a cup and handle pattern while basing
* Printed a pocket pivot signal, indicating institutional buying
* Volume on the daily and weekly time frame seems to be increasing as well
* Strong resistance around the $90 area
Technicals:
Sector: Technology - Communication Equipment
Relative Strength vs. Sector: 6.75
Relative Strength vs. SP500: 17.9
U/D Ratio: 1.09
Base Depth: 137.32%
Distance from breakout buy point: -10.12%
Volume 79.85% above its 15 day avg.
Trade Idea:
* You can enter now based on the pocket pivot signal
* Or given the market conditions you may wait for a break out of the handle as indicated or even a break above the $90 area
* Strong up trend on higher time frames
* Excellent earnings track record
* Basing for the past ~10 months
* Forming a cup and handle pattern while basing
* Printed a pocket pivot signal, indicating institutional buying
* Volume on the daily and weekly time frame seems to be increasing as well
* Strong resistance around the $90 area
Technicals:
Sector: Technology - Communication Equipment
Relative Strength vs. Sector: 6.75
Relative Strength vs. SP500: 17.9
U/D Ratio: 1.09
Base Depth: 137.32%
Distance from breakout buy point: -10.12%
Volume 79.85% above its 15 day avg.
Trade Idea:
* You can enter now based on the pocket pivot signal
* Or given the market conditions you may wait for a break out of the handle as indicated or even a break above the $90 area
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.