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AXDX is currently testing long term support on the weekly. A break of this level and getting stopped out would signal a move lower to the alternate support line shown. This is based on price action on large time frames.
AXDX is currently trading near the support at $5.34 and the stock has been holding weak since 2017. From the overlap indicators, we can see the bearish trend, at the moment, the price is below of 100 and 200 SMA from daily chart and below 20, 50, 100 and 200 SMA from weekly chart. The momentum indicators (RSI) on weekly chart, we can see a breakout from bearish...
Tips:
*** SPX'S Index is in a peak/correction mood!!!
***This could turn out to be, not a short
squeeze!! rather a crashing stock !!!
***Or my work could be just wrong !!!
What Is a Short Squeeze?
A short squeeze occurs when a stock or other
asset jumps sharply higher, forcing traders who
had bet that its price would fall, to buy it in
order to forestall even...
Twitter hyping: high short interest Up 33%
Quick mid-day update:
$GME: up 15%
$AMC: up 30%
$BBBY: up 7%
$FIZZ: up 11%
$TR: up 15%
$GOGO: up 15%
$BB and $IRBT also making a strong moves
Short float around 40% (GME was 60 last i saw) up on like 10x normal volume (3m today vs 366k avg) blew through resistance. Last time it went like this through that $10 resistance it reached $19. Daily RSI is a lil high but that candle you can't ignore.
This stock has a short ratio of over 60. Was over 100 recently so I am told, and the fixed range is showing a lot of buying in the last 3 days. There is some support building at this level dating back to April, not much price action below these levels unless you go back far on the monthly chart, which show more significance at this specific level going back...
EMA: 5 (orange), 20 (blue), 50 (purple), 200 (dotted)
I am looking for AXDX to breakout of wedge consolidation above the $10 level. The $10 level is the top of the wedge and the VWAP from the February high and should be the final hurdle before a move to the upside. The stock is trading at the VWAP from the April 30th peak and above the VWAP from the March low....
SCHULER JACK W Director Apr 23 Buy 9.90 81,621 808,048 14,680,244 Apr 27 03:25 PM
SCHULER JACK W Director Apr 22 Buy 9.47 157,688 1,493,305 14,598,623 Apr 24 03:39 PM
SCHULER JACK W Director Apr 21 Buy 9.01 79,650 717,647 14,440,935 Apr 23 03:36 PM
SCHULER JACK W Director Apr 20 Buy 9.40 59,357 557,956 14,361,285 Apr 22 03:17 PM
SCHULER JACK W Director Mar...
AXDX price has moved off a double bottom from $14.30 level and broke out from under 3 and 6 month downtrend and separate support line at $16.00 on Dec 12, last month.
Today price is at pivot point of $17.03 using month old uptrend line as support.
Oscillators are also now in position for move higher with stochastic at oversold level turning up.
RSI is using it's...
